Ripples Advisory, Rupee ends flat at 65.04/$ against US dollar

BIG CLEARANCE SALES, 2 Days free Trial @GET BEST OFFER@ << Ripples Advisory >>

The Indian rupee closed marginally lower by 2 paise at 65.04/$ against Tuesday's close of 65.02/$. Besides, weakness in the dollar against major global currencies overseas supported the rupee. Most Asian currencies weakened as the dollar continued to strengthen helped by speculation that the next US Federal Reserve chair will be more hawkish.

On the global front, US dollar firmed in the wake of positive US macro numbers, with September industrial production rising despite the Hurricane impact. Euro retraced slightly as markets remain tuned to the unresolved situation in Spain’s Catalonia region. The separatists have not yet thrown the towel despite governments several threats to dismantle the region’s autonomy.