The dollar was trading lower against major world currencies after weak US retail sales data fuelled hopes that the US Federal Reserve will delay an interest rate hike.
     
Stock markets were also in the positive zone in line with Asian markets which also supported the rupee, dealers said. The US Commerce Department yesterday said retail sales rose half as much as expected in September.
    
The rupee had gained 15 paise to close at 65.03 per dollar yesterday. Meanwhile, the benchmark BSE Sensex recovered by 168.07 points, or 0.63 percent, at 26,947.73 in morning trade today.

 

 

Latest News  from Business News Desk