Indian rupee, taking a breather from previous two sessions’ run-up, was treading water on Wednesday on account of dollars’ strength against other major currencies, while fall of local equities after previous sessions’ record run wasn’t aiding the sentiment either. Besides, fresh demand for the American unit from importers also was restricting any kind of upside of Indian currency. On the global front, dollar touched an 11-month high against a basket of major currencies on Wednesday after positive U.S. housing data the previous day fed hopes that the world's biggest economy is strengthening.
The partially convertible currency is currently trading at 60.69, almost unchanged from its previous close of 60.68 on Tuesday. The currency touched a high and low of 60.88 and 60.69 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 60.72 and for Euro stood at 81.04 on August 19, 2014. While, the RBI’s reference rate for the Yen stood at 59.19, the reference rate for the Great Britain Pound (GBP) stood at 101.4792. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| August 19, 2014 | 60.72 | 101.4792 |
| August 14, 2014 | 61.05 | 101.8391 |
(RBI-Reference Rate)
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