Indian rupee weakened again on Wednesday coming after a day of holiday and posting gains in consecutive last two sessions. The domestic currency remained weak since opening tracking weakness in the other Asian currency markets. Rupee was unable to get any support with good going in the local equity markets and the trade were mainly impacted by dollar’s appreciation overseas against a basket of major currencies. In global markets, euro gained against dollar on rising hopes that Greece will find common ground with its euro zone partners.
Finally the rupee ended at 62.34, weaker by 19 paise from its previous close of 62.15 on Monday. The currency touched a high and low of 62.35 and 62.20 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 62.24 and for Euro stood at 71.00 on February 18, 2015. While, the RBI’s reference rate for the Yen stood at 52.32, the reference rate for the Great Britain Pound (GBP) stood at 95.5710. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
