Indian rupee continued southward journey against greenback on Friday amid increasing month end dollar demand from importers and banks. US currency’s gains against other currencies overseas pressurized local unit. However, positive domestic equity markets capped rupee's losses to some extent. Meanwhile, Euro’s weakness against dollar on the back of deterioration in the local economic data also pulled rupee down.
The partially convertible currency is currently trading at 55.63, weaker by 4 paise from its previous close of 55.59 on Thursday. The currency touched a high and low of 55.76 and 55.56 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at Rs 55.99 and for Euro it stood at Rs 71.86 on May 23, 2013. While, the RBI’s reference rate for the Yen stood at 55.04, the reference rate for the Great Britain Pound (GBP) stood at 84.1881. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
Date | 1US$ | 1GBP |
May 23, 2013 | 55.99 | 84.1881 |
May 22, 2013 | 55.52 | 84.0936 |
(RBI-Reference rate)
