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Rupee Rises Above Crucial Level, Hits 1-Month High Against US Dollar: 5 Points
An easing of global crude prices has boosted rupee Rupee hit a one-month high of 66.85 per dollar Rupee will take cues from this week's RBI monetary policy: experts
04 Jun 2018, 10:08 AM IST 
Despite the recent pullback, the rupee is down over 4% against the US dollar
Continuing its recent momentum against the US dollar, the rupee rose to 66 levels against the US dollar today. The rupee jumped to a one-month high of 66.85 against the US dollar, as compared to Friday's close of 67.06. A strong opening in the domestic equity markets also lifted the sentiment. Besides global oil prices and the broad movement of US dollar, the rupee will take cue from this week's RBI monetary policy and rate decision, to be announced on Wednesday. The rupee had gained a healthy 80 paise over last three days.
Here are 5 things to know about US dollar vs rupee trade today:
(With agency inputs)