Thursday, April 3, 2008

Rupee remains steady against USD

The Indian Rupee remained steady against the US Dollar on Apr. 3, 2008.

The Reserve Bank of India`s (RBI) reference rate for the US Dollar stood at Rs 39.95 on Apr. 3, 2008, as against Rs 39.98 on previous day i.e. Apr. 2, 2008.

While, the domestic currency moved down 0.39% versus the Euro on the same day. The reference rate for Euro stood at Rs 62.49 on Apr. 3, 2008, as against Rs 62.25 on Apr. 2, 2008.

As revealed in the table below, the local currency depreciated 0.41% against the Great Britain Pound (GBP), and 0.84% against the Japanese Yen (taking into account 100 Yen).




100 YEN

April 2, 2008



April 3, 2008



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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