After a lower opening, Indian rupee recovered against greenback in the late morning session on Tuesday ahead of the wholesale price based inflation data. Dollar gains against other Asian currencies and volatile local equity markets were though pressurizing the domestic currency to some extent. Dollar selling by some importers supported local unit to recover from early lows. The mild demand for dollar was also restricting local unit’s gains.
The partially convertible currency is currently trading at 54.62, stronger by 8 paise from its previous close of 54.70 on Monday. The currency touched a high and low of 54.82 and 54.61 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at Rs 54.91 and for Euro it stood at Rs 71.31 on May 13, 2013. While, the RBI’s reference rate for the Yen stood at 54.03, the reference rate for the Great Britain Pound (GBP) stood at 84.4428. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
Date | 1US$ | 1GBP |
May 13, 2013 | 54.91 | 84.4428 |
May 10, 2013 | 54.54 | 84.1900 |
