Indian rupee strengthened to fresh one and half week high level on Thursday on continued foreign fund inflows into the domestic share and debt markets. Additionally, strength of other Asian currencies against dollar along with gains of local equities also aided the sentiment. Foreign Institutional Investors in previous trading session invested a total of Rs 372.31 crore and Rs 868.29 in equity and debt segment respectively. However, further gains remained capped on account of importers' dollar demand and prevailing stand-off between Russia and the West, which continues to spark uncertainty in global markets. Globally, euro was stuck at eight-month lows around $1.3461, leaving the dollar index hovering at a six-week peak set on Tuesday.
The partially convertible currency is currently trading at 60.03, weaker by 7 paise from its previous close of 60.10 on Wednesday. The currency touched a high and low of 60.11 and 60.02 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 60.18 and for Euro stood at 81.03 on July 23, 2014. While, the RBI’s reference rate for the Yen stood at 59.34, the reference rate for the Great Britain Pound (GBP) stood at 102.6842. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| July 23, 2014 | 60.18 | 102.6842 |
| July 22, 2014 | 60.23 | 102.8650 |
