Monday 18 July 2016

Rupee opens lower at 67.15/$, down 8 paise

India's exports in June were USD 22.5 billion compared with USD 22.2 billion in the year ago period while imports declined 7.33% to USD 30.6 billion from USD 33.1 billion in June 2015.

Rupee CurrencyThe Indian rupee opened lower by eight paise at 67.15/$ against US Dollar Monday as against the previous close of 67/.07$.

On the other hand,India's exports in June were USD 22.5 billion compared with USD 22.2 billion in the year ago period while imports declined 7.33% to USD 30.6 billion from USD 33.1 billion in June 2015. The India's wholesale price index (WPI) rose 1.62% YoY in the month of June as compared to 0.79% in May.

The Indian currency ended lower by 16 paise at 67.07/$. The local unit had hit a high of 66.94 and a low of 67.22. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.06 and for Euro stood at 74.60. The RBI’s reference rate for the Yen stood at 63.38; reference rate for the Great Britain Pound (GBP) stood at 89.9281.

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