Indian rupee, sliding for fourth straight session, depreciated to a thirteen month low on Monday as importers stepped up dollar purchases to make payment towards their month/ Year end bills. Further, appreciation of greenback against other currencies overseas also weighed on the sentiment. However, gains of local equities were limiting further downside of Indian currency. On the global front, dollar began the final week of 2014 on firm footing on Monday as the euro flirted with two years low, while investors awaited a key vote in Greece later in the session.
The partially convertible currency is currently trading at 63.66, weaker by 9 paise from its previous close of 63.57 on Friday. The currency touched a high and low of 63.71 and 63.62 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.63 and for Euro stood at 77.74 on December 26, 2014. While, the RBI’s reference rate for the Yen stood at 52.93, the reference rate for the Great Britain Pound (GBP) stood at 98.9787. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| December 26, 2014 | 63.63 | 98.9787 |
| December 24, 2014 | 63.46 | 98.5111 |
RBI - Reference Rate
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