Indian rupee opened almost flat and then slipped below previous closing level for fourth day in a row against dollar tracking steady euro and flat domestic equity markets. Continued demand for dollar from importers also pressurized local unit to an extent. Meanwhile, euro hovered near the previous day’s three-week high, amid expectations that international lenders will soon reach a deal to release the next tranche of aid for Greece. Moreover, investors were looking for developments in the winter session of Parliament for further impact on the currency.
The partially convertible currency is currently trading at 55.34, weaker by 13 paise from its previous close of 55.21 on Thursday. The currency touched a high and low of 55.37 and 55.20 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at Rs 55.15 and for Euro it stood at Rs 70.85 on November 22, 2012. While, the RBI’s reference rate for the Yen stood at 66.89 the reference rate for the Great Britain Pound (GBP) stood at 88.0314. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
November 22, 2012 | 55.15 | 88.0314 |
November 21, 2012 | 55.20 | 87.7913 |
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