Indian rupee after making a good start, lost some ground, but still was holding tad strong on Monday on bunched up dollar inflows and positive local equities. Month-end dollar demand from oil importers and state run banks have eaten up into most of local unit’s gains. Nevertheless, weakness of dollar index against basket of other major currencies also supported the sentiment of Indian currency. On the global front, euro held steady on Monday, rising initially in relief following a conditional loan extension deal for Greece, but lost steam as caution towards the debt saga persisted.
The partially convertible currency is currently trading at 62.20, little changed from its previous close of 62.23 on Friday. The currency touched a high and low of 62.22 and 62.15 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 62.25 and for Euro stood at 70.72 on February 20, 2015. While, the RBI’s reference rate for the Yen stood at 52.35, the reference rate for the Great Britain Pound (GBP) stood at 96.0097. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| February 20, 2015 | 62.25 | 96.0097 |
| February 18, 2015 | 62.24 | 95.5710 |
(RBI-Reference Rate)
