Indian rupee, after consolidating for previous two trading sessions, was trading with strength on Friday on increased selling of the US currency by exporters and banks amid persistent foreign capital inflows. Additionally, the dollar’s weakness against other currencies overseas, supported the rupee. On the global front, euro held firm on Friday after the European Central Bank chief Mario Draghi stopped short of giving a strong signal of stimulus but it could struggle to extend gains if U.S. employment data later in the day re-energises dollar bulls.
The partially convertible currency is currently trading at 61.84, weaker by 9paise from its previous close of 61.93 on Thursday. The currency touched a high and low of 61.87 and 61.78 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 61.87 and for Euro stood at 76.12 on December 04, 2014. While, the RBI’s reference rate for the Yen stood at 51.60, the reference rate for the Great Britain Pound (GBP) stood at 97.0171.
| Date | 1US$ | 1GBP |
| December 04, 2014 | 61.87 | 97.0171 |
| December 03, 2014 | 61.88 | 96.8278 |
(RBI-Reference Rate)
