Indian rupee ended flat in the volatile session of trade on account of higher dollar overseas. Nevertheless, the currency recouped substantial losses after breaching the psychological 62.50/$ level on dollar sales by banks and exporters tracking heavy foreign capital inflows. However, subdued local equities weighed on the sentiment. On the global front, dollar climbed against basket of currencies, recouping some of the previous day’s sharp losses, although gains were muted before statement from Federal Reserve after its policy meeting.
Finally the rupee ended flat at Tuesday’s close of 61.41 on Wednesday. The currency touched a high and low of 61.52 and 61.26 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 61.41 and for Euro stood at 69.82 on January 28, 2015. While, the RBI’s reference rate for the Yen stood at 52.06, the reference rate for the Great Britain Pound (GBP) stood at 93.1843. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
