Indian Rupees erasing all the early losses, ends tad strong on Friday tracing the gains in the euro and other majors against American currency. Additionally, dollar sales by foreign banks on behalf of their corporate clients also aided the sentiment.Nevertheless, further uptrend of Indian currency was capped on account of losses of local equities, which not only ended weak for the session, but also for the week. On the globle front, euro was on the back-foot early on Friday after European Central Bank President Mario Draghi struck a caution note on the euro zone economy, while lower debt yields pressured the dollar against the yen.
Finally the rupee ended at 61.16, stronger by 7 pasie from its previous close of 61.23 on Thursday. The currency touched a high and low of 61.74 and 61.15 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 61.55 and for the euro stood at 82.41 on August 08, 2014. While the RBI's reference rate for the yen stood at 60.64, the reference rate for the Great Britain Pound (GBP) stood at 103.5028. The reference rate are based on 12 noon rates of a few select bank in Mumbai.
Finally the rupee ended at 61.16, stronger by 7 pasie from its previous close of 61.23 on Thursday. The currency touched a high and low of 61.74 and 61.15 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 61.55 and for the euro stood at 82.41 on August 08, 2014. While the RBI's reference rate for the yen stood at 60.64, the reference rate for the Great Britain Pound (GBP) stood at 103.5028. The reference rate are based on 12 noon rates of a few select bank in Mumbai.
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