Following a positive start, Indian rupee trimmed early gains but trading higher against greenback in the late morning session on Tuesday, amid increasing dollar selling by banks and exporters on expectation of resumption of foreign capital inflows into equity market. US dollar’s weakness against a basket of major currencies suffering vicious setback after disappointing data curbs, also supported the local unit. Domestic equity markets’ strength also helped rupee to hold gains.
The partially convertible currency is currently trading at 56.65, stronger by 11 paise from its previous close of 56.76 on Monday. The currency touched a high and low of 56.71 and 56.51 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at Rs 56.57 and for Euro it stood at Rs 73.64 on June 3, 2013. While, the RBI’s reference rate for the Yen stood at 56.35, the reference rate for the Great Britain Pound (GBP) stood at 86.1509. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
Date | 1US$ | 1GBP |
June 3, 2013 | 56.57 | 86.1509 |
May 31, 2013 | 56.49 | 86.0092 |
(RBI-Reference rate)
