Snapping earlier session’s positive journey, Indian rupee depreciated against dollar on Thursday, amid fresh demand for dollar from oil importers. Weak local equity markets also pressurized local unit to an extent. Meanwhile, investors remained off the currency markets, ahead of the Budget session of Parliament, which began today. On the global front, most Asian currencies were trading lower against greenback, as risk sentiment was shaken on worries that the Federal Reserve could slow its bond buying programme, which also affected domestic currency.
The partially convertible currency is currently trading at 54.45, weaker by 37 paise from its previous close of 54.08 on Wednesday. The currency touched a high and low of 54.48 and 54.32 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at Rs 54.05 and for Euro it stood at Rs 72.53 on February 20, 2013. While, the RBI’s reference rate for the Yen stood at 57.95, the reference rate for the Great Britain Pound (GBP) stood at 83.4493. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
Date | 1US$ | 1GBP |
February 20, 2013 | 54.05 | 83.4493 |
February 18, 2013 | 54.28 | 83.7200 |
(RBI-reference rate)
