Financial Institutions and Markets

Rupee in 2014

Contact: AJSH & Co. (Delhi, India - TIAG)

Rupee strengthening against US$ & expected to stabilize in 2014

New Delhi: Indian rupee rose recently against US dollar. Rupee went up by 70 paise or 1.12% against US dollar to settle at 62.40 compared to previous close rate of 63.11. Rupee touched a high of 62.39 and low of 62.92 after opening at 62.85. The Reserve Bank of India (RBI) fixed reference rate of rupee for US dollar at 62.6250 compared with 63.0645 a week back.

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