Rupee gains, opens at 65.17 per dollar on Thursday

Indian rupee gained in the early trade on Thursday. It has opened higher by 10 paise at 65.17 per dollar against previous close of 65.27.

Mohan Shenoi of Kotak Mahindra Bank said, "The dollar fell against most currencies on the back of dovish July FOMC minutes. Lower than expected inflation data in US has cast doubts about Fed rate hike next month."

"Stability of Yuan at lower levels after a bout of near 5 percent depreciation has helped Asian currencies and rupee to stem further depreciation against dollar. The USD-INR pair is expected to trade today in a range of 64.90-65.20/dollar," he added.

The dollar fell after minutes from a Federal Reserve policymakers meeting delivered no solid signals on when the era of near-zero rates will end.