The Indian rupee opened in green on Monday but failed to maintain gains and fell by 8 paise against dollar in the late morning trade. Rise in global crude oil prices impacted the domestic currency as oil importers increased dollar demand to cover up their needs. It also raised fears of supply disruption as Israel's latest comments on stopping Iran from proceeding with a disputed nuclear programme stoked tension in the region. Meanwhile, euro depreciated against US dollar for first time in three weeks amid slowing global economic growth added to Europe’s sovereign-debt crisis concerns.
The partially convertible currency is currently trading at 55.35, weaker by 7 paise from its previous close of 55.28 on Friday. The currency, so far, has touched a high and low of 55.42 and 55.23 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at Rs 55.34 and for Euro it stood at Rs 68.04 on August 10, 2012. While, the RBI’s reference rate for the Yen stood at 70.51, the reference rate for the Great Britain Pound (GBP) stood at 86.4501. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
August 10, 2012 | 55.34 | 86.4501 |
August 9, 2012 | 55.17 | 86.4262 |
(RBI-reference rate)