Rupee regained 12 Paise to 61.74 against Dollar

Forex tips

Rupee regained by 12 paise to 61.74 against the US dollar in trade today at the Interbank Foreign Exchange on newly selling of the American currency by exporters. Forex dealers said the dollar's weakness against other currencies overseas and a bigger opening in the domestic equity market also supported the rupee. The rupee had departed 45 paisa against the dollar yesterday, its worst single- session fall in nearly seven weeks, to end at 61.86 on month end dollar desired from importers and banks amid supposition that the US Federal. The Reserve is considering increasing interest rates later this year.

RBI REFERENCE RATE

(As on 30TH January 2015)

UNDERLYING      RATE

USDINR                 61.7575

EURINR                 70.0268

GBPINR                  93.1303

JPYINR                   52.4000 

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