Indian rupee after making a strong start, recovered some more ground and was trading strong against dollar on Tuesday tracking strength in local equities. Besides, fresh selling of American currency was aiding the sentiment. However, further gains were limited on account of month-end dollar demand from oil importers and banks. On the global front, dollar rose against a basket of currencies on Tuesday and was on track for its best quarter since 2008, bolstered by the diverging outlook for monetary policy in the United States compared to other major economies.
The partially convertible currency is currently trading at 62.63, stronger by 5 paise from its previous close of 62.68 on Monday. The currency touched a high and low of 62.66 and 62.56 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 62.63 and for Euro stood at 68.06 on March 30, 2015. While, the RBI’s reference rate for the Yen stood at 52.52, the reference rate for the Great Britain Pound (GBP) stood at 92.9437. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| March 30, 2015 | 62.63 | 92.9437 |
| March 27, 2015 | 62.60 | 92.9525 |
