Indian rupee has made a good start and strengthened further after a jubilant start of the equity markets, ahead of the current account deficit data for the second quarter due later in the day. The cues for the currency remained supportive from the regional peers too and most of the Asian currencies were trading higher after China’s central bank cut benchmark interest rates for the first time since July 2012. In the global market, the euro was near a two-year low versus the dollar before a German report that may show business confidence declined for a seventh month.
The partially convertible currency is currently trading at 61.68, stronger by 8 paise from its previous close of 61.76 on Friday. The currency touched a high and low of 61.75 and 61.65 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 61.85 and for Euro stood 77.62 on November 21, 2014. While, the RBI’s reference rate for the Yen stood at 52.53, the reference rate for the Great Britain Pound (GBP) stood at 97.0125. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| November 21, 2014 | 61.85 | 97.0125 |
| November 20, 2014 | 62.10 | 97.3176 |
(RBI-Reference Rate)
