Snapping three sessions’ rising streak, Indian rupee depreciated against dollar on Friday due to continued dollar demand from oil importers. However, higher opening in the equity market and fresh capital inflows limited local unit’s downside. Meanwhile, aided by reducing worries about Europe's debt crisis, the euro surged higher against the dollar, added momentum after breaching an option barrier.
The partially convertible currency is currently trading at 53.32, weaker by Rs 11 paise from its previous close of 53.21 on Thursday. The currency has touched a high and low of 53.40 and 53.24 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at Rs 53.28 and for Euro it stood at Rs 72.23 on January 31, 2013. While, the RBI’s reference rate for the Yen stood at 58.66, the reference rate for the Great Britain Pound (GBP) stood at 84.2233. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
Date | 1US$ | 1GBP |
January 31, 2013 | 53.28 | 84.2233 |
January 30, 2013 | 53.56 | 84.3746 |
