Tuesday, February 3, 2015

Rupee Regains from Initial losses; Upward 6 Paisa in Trade

11:49 AM

Forex tips

Rupee regained from initial losses against the American currency and was quoted maximum by 6 paise to 61.80 on fresh selling of dollars by banks and exporters. The rupee continuous lower at 62 as against last weekend's level of 61.86 at the Interbank Foreign Exchange (Forex) on the initial dollar desired from banks. However, it regained immediately to quote at 61.80 at 1100 hours. It levitated in a range of 61.80 and 62.01 during late deals.


Aussie Slides on China growth Worries
The yen briefly touched a two week max versus the dollar on Monday, while commodity currencies were breakable as worries about the health of the Chinese economy added to anxiety following a selloff on Wall Street. The dollar fall to a two week low of 116.64 yen in early trade, its slightest since 16 January, downward from around 117.52 late in New York on Friday.

RBI REFERENCE RATE
(As on 2ND February 2015)
UNDERLYING   RATE
USDINR              61.8840
EURINR              69.9413
GBPINR               93.2716

JPYINR                52.6100 

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