Following a lower opening, Indian rupee trimmed early losses and quoted higher by 21 paise against the US currency amid dollar selling by some banks and exporters. Positive local equity markets and Euro's gain against the US dollar overseas, capped rupee's losses. Meanwhile, the Reserve Bank stepping in to help the local currency recover some ground supported the sentiment. However, dollar demand from importers restricted the local unit’s up-move.
The partially convertible currency is currently trading at 59.37, stronger by 21 paise from its previous close of 59.58 on Thursday. The currency touched a high and low of 59.75 and 59.37 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at Rs 59.70 and for Euro it stood at Rs 79.18 on June 20, 2013. While, the RBI’s reference rate for the Yen stood at 61.46, the reference rate for the Great Britain Pound (GBP) stood at 92.2186. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
Date | 1US$ | 1GBP |
June 20, 2013 | 59.70 | 92.2186 |
June 19, 2013 | 58.74 | 91.9880 |
(RBI-Reference rate)
