RBI sets rupee reference rate at 65.2525 against dollar

MUMBAI: The Reserve Bank of India today fixed the reference rate of rupee at 65.2525 against the US dollar and 72.1954 for the euro as against 65.2200 and 72.3942 respectively, last Monday.

According to an RBI statement, the exchange rates for the pound and the yen against the rupee were quoted at 102.2507 and 52.50 per 100 yen, respectively, based on reference rates for the dollar and cross-currency quotes at noon.

The SDR-rupee rate will be based on this rate, the statement added. PTI RHB ABK 08191301 NNNN 23:04 == Nickel futures marginally up on spot demand

New Delhi, Aug 19 (PTI) Supported by rising demand from alloy-makers at domestic spot markets, nickel futures traded a shade higher at Rs 680.30 per kg as speculators enlarged positions.

At the Multi Commodity Exchange, nickel for delivery in August was up by just 50 paise, to Rs 680.30 per kg, with a business turnover of 871 lots.

Metal for delivery in September traded edged up by 40 paise, or 0.06 per cent, to Rs 686.70 per kg, with a turnover of 62 lots.

Marketmen attributed the rise in nickel prices in futures trade to a firm demand from consuming industries particularly alloy-makers amid metal's strength at the London Metal Exchange.