Rise Of Rupee against Dollar

The rupee regained from initial losses against the American currency and was quoted bigger by 6 paise to 62.00 on fresh selling of dollars by banks and exporters in view of strong foreign capital arrival into the equity market. The rupee recourse lower at 62.08 per dollar as against the last ending level of 62.06 at the Interbank Foreign Exchange and tumbled further to 62.20 on initial strong dollar desired from banks. However, it regained from initial losses and was quoted higher at 62.00 on selling of dollars by banks and exporters. It float in a range of 62.00 and 62.20 per dollar during the morning trade. In London, the euro slide to its lowest level against the dollar since September 2003 yesterday after the Swiss National Bank scrapped its exchange rate floor of 1.20 francs to the euro. The Indian benchmark Sensex moved downward by 31.77 points or 0.11 percent to 28,043.78 at 1000hrs.

RBI REFERENCE RATE

(As of 16th JANUARY 2014)

UNDERLYING    RATE

USDINR                61.8933

EURINR                72.0067

GBPINR                93.9231

JPYINR                 53.0800

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