Forex tips
Rupee reduce by 10 paise to 62.26 against the dollar in early trade today at the Interbank Foreign Exchange due to the appreciation of the US currency overseas. Rising in demand for the dollar from importers also puts pressure on the rupee. Forex dealers attributed the rupee's fall down to the dollar's gains profit against other currencies overseas, but a bigger opening of the domestic equity market, capped the losses. The rupee had gained profit three paise to end at 62.16 against the dollar on Monday following continued selling of the US currency by banks and exporters.
RBI REFERENCE RATE
(As on 18TH February 2015)
UNDERLYING RATE
USDINR 62.2450
EURINR 71.0091
GBPINR 95.5710
JPYINR 52.3200
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