The rupee is currently trading at 64.00, weaker by 3 paise from its previous close of 63.97 on Thursday.
Indian rupee after making a flat start was trading range-bound in early deals on Friday ahead of Consumer Price Index (CPI)-based inflation and index of industrial production (IIP) data, scheduled to be released later in the day. Street widely expects annual output growth at factories, mines and utilities in April to hit a six-month low of 1.6% compared with 2.1 % the previous month, while Consumer inflation in May is anticipated to edge up to 5.0 percent from 4.87% the previous month on higher energy and food costs. However, dollar’s strength against basket of other major currencies overseas capped further appreciation of Indian currency. On the global front, dollar clung to modest gains early on Friday, having drifted higher on fresh evidence that the U.S. economy was gaining momentum, while a setback in the Greek debt talks put the euro on the defensive.
The rupee is currently trading at 64.00, weaker by 3 paise from its previous close of 63.97 on Thursday. The currency touched a high and low of 64.04 and 63.89 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.89 and for Euro stood at 72.31 on June 11, 2015.
While, the RBI’s reference rate for the Yen stood at 51.85, the reference rate for the Great Britain Pound (GBP) stood at 98.8969.
The rupee is currently trading at 64.00, weaker by 3 paise from its previous close of 63.97 on Thursday. The currency touched a high and low of 64.04 and 63.89 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.89 and for Euro stood at 72.31 on June 11, 2015.
While, the RBI’s reference rate for the Yen stood at 51.85, the reference rate for the Great Britain Pound (GBP) stood at 98.8969.
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