Tuesday, November 27, 2007

Rupee drops 0.43% to 39.85/USD

The Indian Rupee weakened 0.43% against the US Dollar on Nov. 27, 2007.

The Reserve Bank of India`s (RBI) reference rate for the US Dollar stood at Rs 39.85 on November 27 as against Rs 39.68, on the previous working day, i.e. November 26.

Similarly, the domestic currency depreciated 0.71% versus the Euro on the same day. The reference rate for Euro stood at Rs 59.21 on November 27 as against Rs 58.79 on the previous working day.

As revealed in the table below, the local currency depreciated 0.81% against the Great Britain Pound (GBP) and 0.46% against the Japanese Yen (taking into account 100 Yen).

Rupee Exchange Rate



Date

Currency

1 GBP

100 YEN

November 26, 2007

81.9551

36.58

November 27, 2007

82.6170

36.75

Source: RBI

Note: The reference rate is based on 12 noon rates of a few select banks in Mumbai. The SDR-Rupee rate will be based on this rate. The exchange rates of GBP and Japanese Yen against the Rupee are based on the reference rate for US Dollar and middle rates of the cross currency quotes at 12 noon today.

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