US dollar declines sharply against rupee

The US dollar declined sharply against the rupee at 65.70/71 per dollar and the Pound sterling also slumped to close at Rs 101.86/88 per pound at the close of the Interbank Foreign Exchange Market (Forex) today.

Following are the Interbank Forex and RBI rates:

(In Rs Per Unit)

Unit Interbank RBI Reference US Dollar 65.70/71 US Dollar Rs 66.5742 Pound Sterling 101.86/88 Euro Rs 88.1605 Euro 87.00/02

Japanese Yen (100) 66.