Indian rupee, snapping five consecutive sessions’ appreciating streak was trading weak against dollar on Wednesday tracking weakness of other Asian currencies against dollar. Meanwhile, dollar demand by banks and oil importers also weighed on the sentiment, though positive local equities limited sharper slide of Indian currency. On the global front, dollar rebounded against the euro on Tuesday on persistent bullish sentiment toward the greenback tied to the divergence of monetary policy between the United States and Europe, but the impact of last week's Federal Reserve statement limited its gains.
The partially convertible currency is currently trading at 62.32, weaker by 6 paise from its previous close of 62.26 on Tuesday. The currency touched a high and low of 62.33 and 62.27 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 62.19 and for Euro stood at 68.03 on March 24, 2015. While, the RBI’s reference rate for the Yen stood at 51.99, the reference rate for the Great Britain Pound (GBP) stood at 92.9312. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| March 24, 2015 | 62.19 | 92.9312 |
| March 23, 2015 | 62.28 | 93.0207 |
(RBI-Reference Rate)
