Monday, January 14, 2008

Rupee remains unchanged at 39.29/USD

The Indian Rupee remained unchanged against the US Dollar on Jan. 14, 2008.

The Reserve Bank of India`s (RBI) reference rate for the US Dollar stood at Rs 39.29 on Jan. 14, 2008, unchanged from the previous close.

However, the domestic currency depreciated 0.40% versus the Euro on the same day. The reference rate for Euro stood at Rs 58.39 on Jan. 14, 2008 as against Rs 58.16 on Jan. 11.

As revealed in the table below, the local currency remained steady against the Great Britain Pound (GBP), and depreciated 0.56% against the Japanese Yen (taking into account 100 Yen).


Date

Currency

1 GBP

100 YEN

January 11, 2008

77.0241

36.02

January 14, 2008

77.0555

36.22

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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