Indian Rupee Ends Firm Against Dollar On Third Consecutive Day (02-Feb-2012)
The Indian rupee ended firm against US currency on Thursday, on the bank of gains in the local share market, but it was off the three-month high hit earlier due to a fall in the euro, a closely tracked indicator of global risk appetite by local currency traders. However investors awaited a debt swap deal between Greece and its private creditors. Meanwhile local currency expected to remains positive as central bank slowly returning to monetary easing.
Finally the rupee ended at 49.15, stronger by 13 paise from its previous close of 49.28 on Wednesday. It touched a high and a low of 49.25 and 48.90 respectively. The Reserve Bank of India's reference rate for the dollar stood at Rs 49.1288 and for Euro it stood at 64.7480 on February 2, 2012. While, the RBI's reference rate for the Yen stood at 64.54 the reference rate for the Great Britain Pound (GBP) stood at 77.8495. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
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