Friday, November 30, 2007

Rupee rises 0.25% at 39.67/USD

The Indian Rupee rose 0.25% against the US Dollar on Nov. 30, 2007.

The Reserve Bank of India`s (RBI) reference rate for the US Dollar stood at Rs 39.67 on November 30, as against Rs 39.77 on the previous working day, i.e. November 29.

On the other hand, the domestic currency depreciated 0.81% versus the Euro on the same day. The reference rate for Euro stood at Rs 58.46 on November 30 as against Rs 58.94 on the previous working day.

As revealed in the table below, the local currency appreciated 0.82% against the Great Britain Pound (GBP), but gained 0.61% against the Japanese Yen (taking into account 100 Yen).

Rupee Exchange Rate


Date

Currency

1 GBP

100 YEN

Nov. 29, 2007

82.4571

36.16

Nov. 30, 2007

81.7817

35.94

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.

No comments: