Rupee is not getting any respite and has continued its depreciating streak on Tuesday, trading close to its all time low of 61.80 mark. The domestic currency has made a weak start taking cues from the dismal factory output data, which showed a higher-than-expected contraction of 2.2 percent in June from a year earlier. Rupee remained under pressure as the measures announced by the Finance Minister last day, fell short of Street expectations. On the global front the dollar witnessed some recovery on Tuesday after slipping in early deal.
The partially convertible currency is currently trading at 60.62, weaker by 33 paise from its previous close of 61.29 on Monday. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at Rs 60.80 and for Euro it stood at 81.03 on August 12, 2013. While, the RBI’s reference rate for the Yen stood at 63.07, the reference rate for the Great Britain Pound (GBP) stood at 94.2074. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
Date | 1US$ | 1GBP |
August 12, 2013 | 60.80 | 94.2074 |
August 8, 2013 | 61.15 | 94.7710 |
