India Forex Rates Today: Rupee / Currency Exchange Rates for Dollar, Pound, Yen, Euro

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India Forex Rates Today: Rupee / Currency Exchange Rates for Dollar, Pound, Yen, Euro

Rupee ends firm at 55.62, up by Re 1.18 paise against Dollar
 
Mumbai, Jun 29 (UNI) The Rupee registerd a gain of Re 1.18 paise in a single day today to end at 55.62 against the Dollar on the back of capital inflows amid sale of Dollars by exporters, dealers at the Interbank Foreign Exchange said.

As European Union (EU) leaders agreed on a growth and bank recapitalization plan for Europe which is designed to alleviate the worst of the debt crisis gripping euro-zone, also impacted the sentiment.

In the opening session, the local unit advanced by 25 paise to 56.55 per US Dollar. During the day. it had rallied by Re 1.20 paise to 55.60 against the Dollar.

Finally, it closed at 55.62, surging by Re 1.18 paise from its last close.

It reigstered the day's high and low at 56.66 and 55.60 respectively.

The Rupee strengthened today, after the government confirmed it won't impose retroactive taxes on foreign investors, dealers said.

Global risk aversion has also improved. The euro surged following relief after the statement from European leaders, raising hopes it could help ease a big recent overhang in global markets.

Weak Dollar againt other curencies and positive share market also boosted the same, they added.