Indian rupee has made a soft start of the new week despite RBI clarifying that it has no immediate plan to close the dollar-swap window for oil companies and it will be done in a calibrated manner. Though, the firm trading in equity markets has capped the losses in the domestic currency but there was fresh dollar demand from banks and importers, amid strengthening of the US currency in the global markets. However, some of the Asian currencies were trading higher on speculation the US Federal Reserve will delay trimming its record stimulus.
The partially convertible currency is currently trading at 61.52.53, weaker by 25 paise from its previous close of 61.27 on Friday. The currency has touched a high and low of 61.58 and 61.33 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 61.27 and for Euro it stood at 83.80 on October 18, 2013. While, the RBI’s reference rate for the Yen stood at 62.52, the reference rate for the Great Britain Pound (GBP) stood at 99.0281. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
October 18, 2013 | 61.27 | 99.0281 |
October 17, 2013 | 61.58 | 98.5111 |
