Indian Rupee has gained marginal strength on Monday tracking firmer Asian peers and positive local shares. Weak dollar overseas has mainly buoyed the sentiment for Rupee as the greenback was down near a two-week low against a basket of currencies on Monday since weak data and the escalating Greek debt crisis kept market players on the sidelines. However, losses of euro are curtailing the gains of the domestic unit. The euro dipped as investors covered short positions in the dollar following a slide in the U.S. currency late last week.
The partially convertible Rupee is currently trading at 45.13/14, 3 paise stronger from its previous close of 45.16/17 on Friday. It has touched a high and low of 45.13/14 and 45.12 respectively. The Reserve Bank of India's reference rate for the US dollar stood at 45.21 and for Euro it stood at 64.40 on May 27, 2011. While, the RBI's reference rate for the Yen stood at 55.79 and the reference rate for the Great Britain Pound (GBP) stood at 74.3094. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
Date | 1US$ | 1GBP |
May 27,2011 | 45.21 | 74.3094 |
May 26,2011 | 45.29 | 73.8408 |