Indian rupee recouping early losses was trading flat on Friday on account of massive gains of local equities, though month-end dollar demand from oil importers limited further appreciation of local unit. Additionally, prevailing caution ahead of Annual Economic Survey later in the day and Union Budget 15-16 on February 28 also weighed on the sentiment. On the global front, dollar took a breather after surging to a one-month high against a basket of currencies the previous day as U.S. economic data and comments from Federal Reserve officials prompted investors to raise their bets on a rate increase.
The partially convertible currency is currently trading at 61.78, little changed from its previous close of 61.76 on Thursday. The currency touched a high and low of 61.85 and 61.75 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 61.93 and for Euro stood at 70.38 on February 26, 2015. While, the RBI’s reference rate for the Yen stood at 52.06, the reference rate for the Great Britain Pound (GBP) stood at 96.2416. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| February 26, 2015 | 61.93 | 96.2416 |
| February 25, 2015 | 62.04 | 96.0298 |
(RBI-Reference Rate)
