Indian rupee, after getting a tepid start, continues to trade weak against dollar, tracing the massive losses of local equities ahead of the crucial headline inflation i.e. WPI data and Retail Inflation i.e CPI data, to be released later in the day. On the macro-front, the month-on-month Consumer price index (CPI) for March is expected around 8.2 percent versus 8.1 percent and the wholesale price index (WPI) is seen higher at 5.2 percent. The weaker rupee tracked Asian currencies, while slowing dollar inflows also added to the pressure. On the global front, the dollar inched higher versus a basket of major currencies on Tuesday, staying on firm footing after U.S. retail sales data the previous day signalled a brighter outlook for the U.S. economy.
The partially convertible currency is currently trading at 60.25, weaker by 8 paise from its previous close of 60.17 on Friday. The currency touched a high and low of 60.32 and 60.24 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 60.26 and for Euro stood at 83.73 on April 11, 2014. While, the RBI’s reference rate for the Yen stood at 59.20, the reference rate for the Great Britain Pound (GBP) stood at 101.0979. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| April 11, 14 | 60.26 | 101.0979 |
| April 10, 14 | 60.21 | 101.0469 |
