Following positive local equity markets, Indian rupee opened higher and continued the positive journey against dollar in the late morning session. Strong capital inflows and dollar selling by exporters and banks supported the local unit to an extent. However, month-end dollar demand from importers capped some gains of the domestic currency. Meanwhile, strengthening of the euro against the dollar overseas also helped the rupee to hold gains.
The partially convertible currency is currently trading at 54.81, stronger by 3 paise from its previous close of 54.84 on Wednesday. The currency has touched a high and low of 54.81 and 54.73 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at Rs 54.96 and for Euro it stood at Rs 72.45 on December 26, 2012. While, the RBI’s reference rate for the Yen stood at 64.46, the reference rate for the Great Britain Pound (GBP) stood at 88.6781. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
Date | 1US$ | 1GBP |
December 26, 2012 | 54.96 | 88.6781 |
December 24, 2012 | 54.08 | 89.0958 |
