Rupee jumps 18p to 67.92 vs $

Source: The Hitavada      Date: 31 Dec 2016 09:27:23


Dec 30,


EXTENDING its gains for the second straight day, the rupee Friday ended higher by 18 paise to 67.92 per dollar on selling of the US currency by banks and exporters in view of weakness in greenback in overseas market.
However, the rupee in 2016 witnessed a loss of 177 paise, or 2.68 per cent, against the dollar as compared to its last year's closing level of 66.15.

The domestic currency touched a record low of 68.86 on November 24, 2016 this year. The rupee opened higher at 67.95 per dollar as against yesterday’s closing level of 68.10 at the interbank foreign exchange (forex) market and hovered in a range of 67.85 and 67.99 before ending at 67.92 per dollar, showing a gain of 18 paise or 0.26 per cent.

The rupee has gained 32 paise or 0.47 per cent in two days. The RBI fixed the reference rate for the dollar at 67.9547 and for the euro at 71.6175.
In cross-currency trades, the rupee inched up to 83.48 against the pound sterling from 83.49 yesterday while fell against the euro to settle at 71.64 from 71.21 per euro. It recovered against the Japanese Yen to 58.10 per 100 yens from 58.43 previously.