Indian rupee, after appreciating in previous trading session, was trading flat with positive bias on account of fag-end dollar selling by banks and exporters on hopes of good foreign capital inflows into equities. Meanwhile, slender gains of local equities also were aiding the sentiment. However, euro’s weakness overseas was limiting further uptrend of local currency. On the global front, euro languished near four-month lows on Thursday with investors firmly sidelined as they waited to see what measures the European Central Bank would implement to tackle the threat of deflation.
The partially convertible currency is currently trading at 59.30, little changed from its previous close of 59.34 on Wednesday. The currency touched a high and low of 59.35 and 59.24 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 59.33 and for Euro stood at 80.76 on June 4, 2014. While, the RBI’s reference rate for the Yen stood at 57.76, the reference rate for the Great Britain Pound (GBP) stood at 99.1801. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| June 4, 2014 | 59.33 | 99.1801 |
| June 3, 2014 | 59.21 | 80.56 |
