Indian rupee, after making a flat to positive start, were treading water on Thursday as gains on account of strength of other Asian currencies were offset by losses of local equities after government deferred a decision on Wednesday to raise prices of locally produced gas for next three months. Meanwhile, month-end dollar demand from oil importers, also was limiting the uptrend of the Indian currency. On the global front, dollar languished near one-month lows against a basket of major currencies on Thursday, following a surprise downward revision to U.S. first quarter economic growth.
The partially convertible currency was trading flat at its Wednesday’s close of 60.14. The currency touched a high and low of 60.19 and 60.09 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 60.27 and for Euro stood at 82.04 on June 25, 2014. While, the RBI’s reference rate for the Yen stood at 59.15, the reference rate for the Great Britain Pound (GBP) stood at 102.2806. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| June 25, 2014 | 60.27 | 102.2806 |
| June 24, 2014 | 60.10 | 102.3228 |
