MoneyWorks4Me

Rupee gains marginally on fresh selling of US currency by exporters

16 Jun 2015 Evaluate

Indian rupee gained marginally against US dollar, snapping its three-day falling streak, in the early trade on Tuesday on fresh selling of the US currency by exporters and banks. Though, a lower opening in the domestic equity market and dollar’s strength against other currencies overseas capped some gains. On the global front, the dollar firmed in Asian trade on Tuesday, as traders braced for the outcome of the US Federal Reserve's two-day policy meeting that takes place amid the backdrop of a looming crisis in Greece.

The partially convertible currency is currently trading at 64.14, tad stronger by 2 paise from its previous close of 64.16 on Monday. The currency touched a high and low of 64.15 and 64.06 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.08 and for Euro stood at 71.84 on June 15, 2015. While, the RBI’s reference rate for the Yen stood at 51.93, the reference rate for the Great Britain Pound (GBP) stood at 99.5717. The reference rates are based on 12 noon rates of a few select banks in Mumbai.

Date  1US$1GBP
June 15, 201564.086899.5717
June 12, 201564.030199.2723

(RBI-Reference Rate)