Indian rupee depreciated against dollar in the late morning session amid fresh demand for the US currency from banks and importers amid strong global cues. After opening lower, domestic currency immediately firmed up due to higher capital inflows on the back of the government's announcement last week to deregulate diesel prices and positive local equity markets capped local unit’s losses.
The partially convertible currency is currently trading at 53.87, weaker by 17 paise from its previous close of 53.70 on Friday. The currency has touched a high and low of 53.95 and 53.65 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at Rs 53.94 and for Euro it stood at Rs 72.20 on January 18, 2013. While, the RBI’s reference rate for the Yen stood at 59.91, the reference rate for the Great Britain Pound (GBP) stood at 86.2416. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
Date | 1US$ | 1GBP |
January 18, 2013 | 53.94 | 86.2416 |
January 17, 2013 | 54.64 | 87.4558 |
