Indian rupee, after hitting fresh month low in early deals, was trading past the crucial ‘61/$’ on Wednesday, broadly on account of losses in regional currencies, while good dollar demand from banks and oil importers also weighed on the sentiment. However, further downside of Indian currency was capped by local equities, which were trading upbeat on widespread buying activity ahead of public holiday on April 24 as Mumbai state goes for Lokh Sabha polls. On the global front, the world's major currencies started trade on Wednesday in Asia on familiar ground after an uninspired session that kept the dollar, euro and yen locked in narrow ranges.
The partially convertible currency is currently trading at 61.05, weaker by 45 paise from its previous close of 60.60 on Monday. The currency touched a high and low of 61.06 and 60.87 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 60.71 and for Euro stood at 83.76 on April 22, 2014. While, the RBI’s reference rate for the Yen stood at 59.25, the reference rate for the Great Britain Pound (GBP) stood at 102.0432. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| April 22, 2014 | 60.71 | 102.0432 |
| April 21, 2014 | 60.33 | 101.4050 |
(RBI-Reference Rate)
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