Indian rupee appreciated marginally against greenback, amid fresh selling of the US currency by exporters, amid sustained foreign capital inflows. Strengthening of euro against the dollar overseas and a positive opening in the domestic equity markets also supported the local currency. Investor sentiments were also boosted on speculation that US jobs growth will bolster demand for emerging-market assets. However, the rupee’s gain remain capped after central bank Governor Duvvuri Subbarao said that there was very little chance monetary policy would be eased further.
The partially convertible currency is currently trading at 53.91, stronger by 1 paise from its previous close of 53.92 on Friday. The currency touched a high and low of 53.94 and 53.79 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at Rs 53.95 and for Euro it stood at Rs 70.49 on May 03, 2013. While, the RBI’s reference rate for the Yen stood at 55.03, the reference rate for the Great Britain Pound (GBP) stood at 83.8075. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
Date | 1US$ | 1GBP |
May 3, 2013 | 53.95 | 83.8075 |
May 2, 2013 | 53.73 | 83.5426 |
(RBI-Reference rate)
