Indian rupee, after making a weak start has depreciated substantially and was trading past psychological ‘62/$’ level on Monday due to fresh demand for American currency from importers. Besides, negative local equities and forex outflows due to selling by foreign institutional investors kept pressure on the rupee. Foreign institutional investors sold shares worth Rs 96.45 crore on Friday. However, dollar’s weakness against other currencies overseas, also capped losses. On the global front, dollar dipped on Monday as traders sold into a rally triggered by robust US jobs data, while the Greek debt situation crept back into focus as Athen reaffirmed its rejection of international bailout programme.
The partially convertible currency is currently trading at 62.11, weaker by 41 paise from its previous close of 61.70 on Friday. The currency touched a high and low of 62.12 and 61.98 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 61.73 and for Euro stood at 70.78 on February 06, 2015. While, the RBI’s reference rate for the Yen stood at 52.63, the reference rate for the Great Britain Pound (GBP) stood at 94.6541. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| February 06, 2015 | 61.73 | 94.6541 |
| February 05, 2015 | 61.87 | 94.0683 |
(RBI-Reference Rate)
