Indian rupee appreciated for second consecutive session on Thursday against dollar, tracking other Asian currencies which advanced against the greenback on the Britain referendum day. Besides, increased selling of the American currency by banks and exporters and massive gains in local equity market too added to the positive milieu. Meanwhile, investors turned optimistic that British voters would opt to remain in the European Union at the referendum. On the global front, euro extended overnight gains in prospects of Britain leaving the EU has helped the common currency.
Finally, the rupee ended 67.25, 22 paise stronger from its previous close at 67.47 on Wednesday. The currency touched a high and low of 67.40 and 67.23 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.37 and for Euro stood at 76.37 on June 23, 2016. While the RBI’s reference rate for the Yen stood at 64.52, the reference rate for the Great Britain Pound (GBP) stood at 99.4721. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
