Rupee breaches 68/dollar mark on Thursday

Indian rupee was trading weaker and breached the 68/dollar mark in early deals on Thursday due to demand for the greenback from banks and importers. But, higher opening in the domestic equity market, capped some losses. On the global front, the dollar came off a one-year low against the yen on Thursday as crude oil prices bounced, while the euro awaited a policy decision from the European Central Bank for near-term cues.

The partially convertible currency is currently trading at 68.06, weaker by 10 paise from its previous close of 67.96 on Wednesday. The currency touched a high and low of 68.0775 and 67.82 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.97 and for Euro stood at 74.48 on January 20, 2016. While the RBI’s reference rate for the Yen stood at 58.24, the reference rate for the Great Britain Pound (GBP) stood at 96.2016. The reference rates are based on 12 noon rates of a few select banks in Mumbai.    

(RBI-Reference Rate)