The rupee’s closing figure reported on the Clearing Corporation of India (CCIL) website on Friday was found to be inaccurate due to the exclusion of a late deal that ultimately fell through, resulting in an inflated rate. According to the CCIL, the rupee closed at 93.51 against the US dollar that day, reflecting a significant gain of 71 paise.
In contrast, other interbank foreign exchange platforms, such as Finrex and Mecklai, recorded a closing rate of 94.48 against the dollar. A CCIL official indicated that the discrepancy arose because the failed transaction between two banks was not accounted for in the final closing value of the local currency, although no further details were disclosed.
With the revised figures for Friday, the rupee was trading 72 paise lower at 95.20 during midday trade on Monday.
