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Rupee skids to a 6-month low on Thursday

18 Aug 2011 Evaluate

Indian rupee has skid to a 6-month low on Thursday, dragged by strong dollar demand from oil importers amidst weak local shares. Meanwhile, a broadly advancing dollar overseas coupled with subdued regional peers also led the domestic unit lower. On the global front, the Swiss franc rose versus the euro on Thursday, ahead after the Swiss National Bank's latest steps to curb franc strength fell short of expectations, and as worries over the euro zone's debt crisis festered.

The partially convertible currency is currently trading at 45.59, weaker by 17 paise from its previous close of 45.42/43 on Thursday. It touched a high and low of 45.66 and 45.49 respectively. The Reserve Bank of India's reference rate for the dollar stood at 45.3695 and for Euro it stood at 65.3355 on August 17, 2011. While, the RBI's reference rate for the Yen stood at 59.17 and the reference rate for the Great Britain Pound (GBP) stood at 74.5580. The reference rates are based on 12 noon rates of a few select banks in Mumbai.

Date1US$1GBP
August 17, 201145.3674.5580
August 16, 201145.2473.8803
RBI- Reference Rate
 

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