Indian rupee, resuming trade post a long holiday, was trading substantially strong on Tuesday tracing weakness of dollar overseas, though blood-bath at Indian equity markets limited further appreciation of Indian currency. Financial markets were closed from Thursday to Monday for local holidays. Meanwhile, sentiments were also bolstered after growth in services activity picked up pace in September as order books filled up at a faster rate, with HSBC Services Purchasing Managers' Index (PMI), compiled by Markit, reversing a slowdown seen in the previous two months and rising to 51.6 in September from 50.6 in August.
The partially convertible currency is currently trading at 61.34, stronger by 27 paise from its previous close of 61.61 on Wednesday. The currency touched a high and low of 61.44 and 61.31 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 61.75 and for Euro stood at 77.95 on October 01, 2014. While, the RBI’s reference rate for the Yen stood at 56.24, the reference rate for the Great Britain Pound (GBP) stood at 100.0677. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| October 01, 2014 | 61.75 | 100.0677 |
| September 30, 2014 | 61.61 | 100.2760 |
