Indian rupee after making flat start was trading tad stronger against dollar on Wednesday on sustained selling of the Greenback by exporters. Besides, early gains in domestic equity markets and the dollar's weakness against other major currencies overseas also helped the rupee to log gains. However, profit-booking in local equities also took away some gains of local unit. On the global front, dollar stood steady in Asia on Wednesday just hours before Federal Reserve was expected to take a major step towards lifting interest rates for the first time in almost nine years.
The partially convertible currency is currently trading at 62.69, stronger by 3 paise from its previous close of 62.72 on Tuesday. The currency touched a high and low of 62.73 and 62.61 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 62.69 and for Euro stood at 66.37 on March 17, 2015. While, the RBI’s reference rate for the Yen stood at 51.69, the reference rate for the Great Britain Pound (GBP) stood at 92.9910. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| March 17, 2015 | 62.69 | 92.9910 |
| March 16, 2015 | 62.82 | 92.8250 |
(RBI-Reference Rate)
