India pushing Rupee as next global trade instrument
It is not just Western sanctions on Russia that accelerated the trend to circumvent the dollar, but the strength of the currency in the past year has also posed a challenge.
The US dollar ended lower against the rupee at Rs 64.94/95 per dollar and the pound sterling also finished lower at Rs 85.14/16 at the close of the Interbank Foreign Exchange (forex) market here on Thursday.
Following are the interbank forex and RBI rates:
(In Rs per unit) Unit Interbank RBI Reference US Dollar 64.94/95 US Dollar Rs 64.8967 Pound Sterling 85.14/16 Euro Rs 75.3061 Euro 75.53/55 Japanese Yen (100) 57.
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