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Indian Rupee steadily gaining ground against US Dollar, Euro

Written By Boneless Research on Sunday, 30 September 2012 | 30.9.12



Indian currency “Rupee” is steadily gaining lost ground against most of the world currencies such as US Dollar and Euro. Driven by Indian government’s latest actions to push reforms coupled Indian currency started northward journey in past few days.
Currently, US Dollar is trading at 52.50 levels against Rupee while Euro is valued at 67.75 Rupee. This is about 5% appreciation for Indian Rupee in last 30 days. Stronger Rupee would certainly help importers in coming days which could result in lowering fuel prices for Indian consumer.

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