Indian rupee appreciated against greenback on Tuesday on the back of dollar selling by custodian banks and exporters. Positive local equity markets and strength in other currencies against the dollar overseas also supported the local unit to an extent. However, dollar demand by oil importers capped some gains of the domestic currency. Meanwhile, euro stayed weak near a three-month low versus the dollar, putting some downward pressure on the rupee.
The partially convertible currency is currently trading at 54.75, stronger by 10 paise from its previous close of 54.85 on Monday. The currency has touched a high and low of 54.81 and 54.71 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at Rs 55.05 and for Euro it stood at Rs 71.61 on March 4, 2013. While, the RBI’s reference rate for the Yen stood at 58.97, the reference rate for the Great Britain Pound (GBP) stood at 82.7484. The reference rates are based on 12 noon rates of a few select banks in Mumbai
Date | 1US$ | 1GBP |
March 4, 2013 | 55.05 | 82.7484 |
March 1, 2013 | 54.48 | 82.7193 |
