Indian rupee was trading flat on Thursday tailing subdued trend of local equities on account of prevailing caution ahead of railway Budget 15-16 to be presented later in the day. The currency was trading flat as gains on account of strength in other Asian currencies was offset by losses due to incremental month-end dollar demand from importers. Meanwhile, sentiment also took a hit after global rating agency Moody's, in its report clarified that fiscal policies and structural reforms will determine India's sovereign credit profile and not recent revisions to the economic growth data. On the global front, dollar nursed modest losses on Thursday, having eased for second straight session after recent remarks from the head of the Federal Reserve prompted markets to push back the timings of an expected US interest rate hikes.
The partially convertible currency is currently unchanged at its Wednesday’s close of 61.98. The currency touched a high and low of 61.99 and 61.91 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 62.04 and for Euro stood at 70.42 on February 25, 2015. While, the RBI’s reference rate for the Yen stood at 52.28, the reference rate for the Great Britain Pound (GBP) stood at 96.0298. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| February 25, 2015 | 62.04 | 96.0298 |
| February 24, 2015 | 62.27 | 96.2099 |
