Indian rupee continued to slip against greenback on Thursday because of heavy dollar demand from importers. Weak domestic shares and foreign institutional investors' (FIIs) selling pressurized the local unit. However, dollar's weakness against euro and yen overseas ahead of Friday's jobs report, capped rupee's fall to some extent. Meanwhile, government has increased import duty on gold to 8% from 6% to rein in a record current-account deficit, also supported the rupee.
The partially convertible currency is currently trading at 56.86, weaker by 14 paise from its previous close of 56.72 on Wednesday. The currency touched a high and low of 57.00 and 56.84 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at Rs 56.42 and for Euro it stood at Rs 73.85 on June 5, 2013. While, the RBI’s reference rate for the Yen stood at 56.70, the reference rate for the Great Britain Pound (GBP) stood at 86.5372. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
Date | 1US$ | 1GBP |
June 5, 2013 | 56.42 | 86.5372 |
June 4, 2013 | 56.64 | 86.6854 |
(RBI-Reference rate)
