The currency touched a high and low of 66.26 and 66.36 respectively.
In international markets, Euro remained on the defensive against the greenback, as ECB Chief Mario Draghi commented that further easing could not be ruled out considering deflationary trends. Bond purchases can continue beyond September 2016 if there is no sustained improvement in inflation levels. ECB will do a review of the monetary policy at the December meeting, conveying signals that something more is in the offing, possibly negative interest rates.
The currency touched a high and low of 66.26 and 66.36 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.34 and for Euro stood at 71.29 on November 10, 2015. While, the RBI’s reference rate for the Yen stood at 53.80, the reference rate for the Great Britain Pound (GBP) stood at 100.2806.
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