Indian rupee ended stronger against dollar on Tuesday on fresh selling of the US currency by banks and exporters. However, fall in the equity market and dollar's strength against other currencies overseas capped the rupee's gain. Investors overlooked the data of the retail inflation for farm labourers and rural workers in November which rose to 4.92 percent and 5.02 percent, respectively, due to increase in prices of food items. On the global front, euro declined against the dollar as investors awaited data on inflation in the 19-nation currency bloc.
Finally, the rupee ended at 66.59, 3 paise stronger from its previous close of 66.62 on Monday. The currency touched a high and low of 66.66 and 66.42 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.54 and for Euro stood at 72.03 on January 05, 2016. While, the RBI’s reference rate for the Yen stood at 55.71 the reference rate for the Great Britain Pound (GBP) stood at 97.9562. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
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