Wednesday, December 22, 2010

Rupee hits over one week high

Indian Rupee on Wednesday appreciated by 13 paise against the United States Dollar ($) on sustained dollar selling. At the end of the trading the US dollar ended cheaper against the rupee at Rs 45.09/10 per dollar. Indian Rupee touched its highest value in more than a week after strong selling by exporters and forex traders.

Dealars in market believed that this rise is due to exporters selling and some banks trading heavily today. The Reserve Bank of India fixed the reference rate for the dollar at Rs. 45.13 today.

The Following are the rates in Rupees per Unit for Interbank Forex and Reserve Bank of India rates:

Unit Interbank RBI Reference US Dollar 45.09/10 US Dollar Rs 45.13 Pound Sterling 69.66/68 Euro Rs 59.32. Euro 59.27/29 Japanese Yen (100) 54.03/05


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