Indian rupee concluded unchanged on Friday as gains on account of strength in other Asian currencies were offset by losses due to month-end dollar demand from oil importers. Additionally, massive losses of local equities also weighed on the sentiment. On the global front, dollar traded mixed on Friday after weaker than expected headline US fourth quarter gross domestic product data, which included the fastest pace of consumer spending since 2006 and left intact market expectation of long-term greenback gains.
Finally the rupee ended unchanged at Thursday’s close of 61.87 on Friday. The currency touched a high and low of 62.05 and 61.70 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 61.75 and for Euro stood at 70.02 on January 30, 2015. While, the RBI’s reference rate for the Yen stood at 52.40, the reference rate for the Great Britain Pound (GBP) stood at 93.1303. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
