The Indian Rupee remained flat against the US Dollar on Dec. 12, 2007.
The Reserve Bank of India`s (RBI) reference rate for the US Dollar stood at Rs 39.36 on December 12,unchanged from the previous close.
On the other hand, the domestic currency weakend 0.29% versus the Euro on the same day. The reference rate for Euro stood at Rs 57.79 on December 12 as against Rs 57.96 on the previous working day.
As revealed in the table below, the local currency appreciated 0.35% against the Great Britain Pound (GBP), but 0.68% weakend against the Japanese Yen (taking into account 100 Yen).
Rupee Exchange Rate
Date Currency 1 GBP 100 YEN December 11, 2007 80.5896 35.20 December 12, 2007 80.3101 35.44
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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