Indian rupee, paring all its early gains, was trading little changed from previous close on Thursday. In early deals the local unit extended its appreciating streak for sixth consecutive session and was trading near one week high in morning deals tailing splendid gains of local equities amidst sustained overseas capital inflows. Sharper losses were restricted on account of continued selling of American currency by exporters in view of its weakness overseas. On the global front, euro held steady on Thursday as investors awaited details of a sovereign bond-buying programme that the European Central Bank is seen likely to announce later in the day.
The partially convertible currency is currently trading at 61.65, little changed from its previous close of 61.63 on Wednesday. The currency touched a high and low of 61.68 and 61.49 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 61.61 and for Euro stood at 71.37 on January 21, 2015. While, the RBI’s reference rate for the Yen stood at 52.39, the reference rate for the Great Britain Pound (GBP) stood at 93.4931. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| January 21, 2015 | 61.61 | 93.4931 |
| January 20, 2015 | 61.84 | 93.2660 |
(RBI-Reference Rate)
