Indian rupee, after making a good start, continued trading stronger against dollar on Wednesday tailing strength of other Asian currencies. However, subdued local equities limited further appreciation of Indian currency. Nevertheless, encouraging macro-economic data also aided the sentiment. Growth among India’s services firms picked up pace in January after HSBC Services Purchasing Managers' Index (PMI), compiled by Markit, rose to 52.4 in January from 51.1 in December. On the global front, dollar nursed broad losses on Wednesday, having suffered its biggest one-day fall in over a year as it came under pressure from many fronts amid oil-fuelled gains by commodity currencies.
The partially convertible currency is currently trading at 61.66, stronger by 14 paise from its previous close of 61.80 on Tuesday. The currency touched a high and low of 61.69 and 61.56 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 61.73 and for Euro stood at 69.93 on February 03, 2015. While, the RBI’s reference rate for the Yen stood at 52.76, the reference rate for the Great Britain Pound (GBP) stood at 92.7071. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| February 03, 2015 | 61.73 | 92.7071 |
| February 02, 2015 | 61.88 | 93.2716 |
(RBI-Reference Rate)
