Indian rupee, extending their last sessions’ gains, appreciated to one week high level on Monday on dollar selling by large infrastructure Development Company. The currency after getting a flat start gained substantial ground despite month end dollar demand. Nevertheless, negative local equities capped the further upside of Indian currency. On the global front, dollar got off to a quiet start on Monday following a few days of directionless trading with investors unlikely to take aggressive positions ahead of major events in the United States and the euro zone
The partially convertible currency is currently trading at 60.48, stronger by 14 paise from its previous close of 60.62 on Friday. The currency touched a high and low of 60.76 and 60.43 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 61.11 and for Euro stood at 84.52 on April 25, 2014. While, the RBI’s reference rate for the Yen stood at 59.73, the reference rate for the Great Britain Pound (GBP) stood at 102.7059. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| April 25, 2014 | 61.11 | 102.7059 |
| April 23, 2014 | 61.06 | 102.7657 |
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