MARKET RATES & NEWS - Updated as on 01st August 2014
The Indian rupee slumped to a three-month low on Thursday, hurt by a rally in the dollar in global markets that helped banks into buying greenbacks for corporate- and defence-related payments. The partially convertible rupee fell to as low as 60.57 per dollar at one point, its lowest since April 29, when the currency was in the midst of a rally in the lead-up to the general elections.
The rupee declined 0.63 per cent in July, marking its second consecutive monthly fall, despite foreign investor buying shares and debt worth just over $6 billion, as per official data. The rupee ended at 60.5550 per dollar, down about 0.83 per cent for the day, its biggest single-day fall since June 13.
Forward premium (in % 31st JULY, 2014)
LIBOR (Updated as on 31st JULY, 2014)
Foreign Currencies (Updated:17:30 hrs as on 31st JULY, 2014)
(Updated: as on 31st JULY, 2014)