Indian rupee was trading weak against dollar on Friday tracking slump in most of the Asian currencies and losses in local equities. Additionally, cautiousness ahead of key macroeconomic data, i.e, consumer price index (CPI)-based inflation and Index of Industrial Production (IIP) data on Friday, weighed on the sentiment. While, the street expects CPI inflation to be around 4.4% in November compared with 5.52% in October, IIP is expected to grow 2.7% in October compared with 2.5% in September. On the global front, dollar stayed firm against most of its major peers on Friday thanks in part to upbeat U.S. retail sales data, while falling oil prices kept the Canadian dollar pinned near a five-year low.
The partially convertible currency is currently trading at 62.41, weaker by 39 paise from its previous close of 62.02 on Thursday. The currency touched a high and low of 62.50 and 62.40 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 62.20 and for Euro stood at 77.48 on December 11, 2014. While, the RBI’s reference rate for the Yen stood at 52.68, the reference rate for the Great Britain Pound (GBP) stood at 97.8001.
| Date | 1US$ | 1GBP |
| December 11, 2014 | 62.20 | 97.8001 |
| December 10, 2014 | 61.95 | 97.1562 |
| |
(RBI-Reference Rate)
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