|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
The Reserve Bank of India (RBI)’s intervention in the currency market helped the rupee close on a stronger note on Friday, despite increasing dollar demand from oil marketing companies (OMCs) and importers.
On Friday, the rupee closed at 62.87 a dollar, compared with its previous close of 62.94 a dollar. It opened at 62.90/dollar and touched a high of 62.84/dollar and a low of 63.08/dollar in intra-day trade.
“RBI had been intervening in the market since morning and due to the intervention through state-run banks, the rupee ended strong,” said Sandeep Gonsalves, forex consultant and dealer, Mecklai & Mecklai.