Monday, December 17, 2007

Rupee remains steady at 39.37/USD

The Indian Rupee remained steady against the US Dollar on Dec. 17, 2007.

The Reserve Bank of India`s (RBI) reference rate for the US Dollar stood at Rs 39.37 on December 17, as against the previoius close of Rs 39.35.

On the other hand, the domestic currency gained 1.37% versus the Euro on the same day. The reference rate for Euro stood at Rs 56.83 on December 17 as against Rs 57.62 on the previous working day.

As revealed in the table below, the local currency appreciated 1.11% against the Great Britain Pound (GBP), and 0.51% against the Japanese Yen (taking into account 100 Yen).

Rupee Exchange Rate




100 YEN

December 14, 2007



December 17, 2007



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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