The rupee opened higher by one paise at 66.78/$ against US Dollar on Wednesday as against the previous close of 66.77/$.
The Indian rupee opened higher by one paise at 66.78/$ against US Dollar on Wednesday as against the previous close of 66.77/$.
On the economy front, the Reserve Bank of India governor, Raghuram Rajan, kept the benchmark repo rate unchanged at 6.5% and Cash Reserve Ratio at 4% in the monetary policy review. The banks also kept the Statutory Liquidity Reserve unchanged. On the international front, Euro can derive cues from relatively positive macro numbers. Eurozone(19) Q1 GDP growth is upwardly revised to 1.7% (yoy), a better reading when compared with 1.5% during the prior quarter.
The Indian currency ended higher by 19 paise at 66.77/$. The local unit had hit a high of 66.94 and a low of 66.99. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.83 and for Euro stood at 75.91. The RBI’s reference rate for the Yen stood at 62.10; reference rate for the Great Britain Pound (GBP) stood at 96.9376.
On the economy front, the Reserve Bank of India governor, Raghuram Rajan, kept the benchmark repo rate unchanged at 6.5% and Cash Reserve Ratio at 4% in the monetary policy review. The banks also kept the Statutory Liquidity Reserve unchanged. On the international front, Euro can derive cues from relatively positive macro numbers. Eurozone(19) Q1 GDP growth is upwardly revised to 1.7% (yoy), a better reading when compared with 1.5% during the prior quarter.
The Indian currency ended higher by 19 paise at 66.77/$. The local unit had hit a high of 66.94 and a low of 66.99. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.83 and for Euro stood at 75.91. The RBI’s reference rate for the Yen stood at 62.10; reference rate for the Great Britain Pound (GBP) stood at 96.9376.
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