Extending earlier session’s gains, Indian rupee appreciated against dollar on Thursday ahead of Union Budget to be tabled in Parliament today. Dollar selling by banks and importers helped rupee to hold gains. Positive domestic equity markets with hopes of some important measures from Finance Minister P Chidambaram in the budget also supported the local unit to an extent. Meanwhile, strengthening of euro against the dollar overseas aided the domestic currency.
The partially convertible currency is currently trading at 53.75, stronger by 12 paise from its previous close of 53.87 on Wednesday. The currency has touched a high and low of 53.76 and 53.60 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at Rs 53.83 and for Euro it stood at Rs 70.38 on February 27, 2013. While, the RBI’s reference rate for the Yen stood at 58.68, the reference rate for the Great Britain Pound (GBP) stood at 81.2424. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
Date | 1US$ | 1GBP |
February 27, 2013 | 53.83 | 81.2424 |
February 26, 2013 | 54.06 | 82.1537 |
(RBI-reference rate)
