Indian rupee, moving in a narrow band, was trading little changed on Wednesday as gains tracking the strength of other Asian currencies against dollar were offset by subdued local equities. Additionally, prevailing caution ahead of Q2 GDP data, which is estimated to have grown at 5 per cent or even lower in the second quarter of 2014-15, sharply lower than the 5.7 per cent witnessed in the first quarter, also weighed on the sentiment. On the global front, dollar edged lower against the yen on Wednesday but mostly stuck to recent ranges ahead of the U.S. Thanksgiving holiday, while the Australian dollar wallowed near four-year lows against the greenback.
The partially convertible currency is currently trading at 61.86, was trading little changed from its previous close of 61.87 on Tuesday. The currency touched a high and low of 61.87 and 61.80 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 61.91 and for Euro stood 76.92 on November 25, 2014. While, the RBI’s reference rate for the Yen stood at 52.52, the reference rate for the Great Britain Pound (GBP) stood at 97.1207. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| November 25, 2014 | 61.91 | 97.1207 |
| November 24, 2014 | 61.77 | 96.7842 |
