Indian rupee was trading weaker against dollar on Wednesday on the back of heavy dollar demand from banks and oil importers in view of overnight gains in dollar broadly. However, further depreciation of Indian currency was limited on account of gains of local equities. On the global front, dollar took a step back on Wednesday but retained a bulk of its overnight gains after currency bulls scooped up the greenback following the tumble induced by weak US non-farm payrolls late last week.
The partially convertible currency is currently trading at 62.33, weaker by 8 paise from its previous close of 62.25 on Tuesday. The currency touched a high and low of 62.36 and 62.30 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 62.33 and for Euro stood at 68.07 on April 07, 2015. While, the RBI’s reference rate for the Yen stood at 52.14, the reference rate for the Great Britain Pound (GBP) stood at 92.8312. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| April 07, 2015 | 62.33 | 92.8312 |
| April 6, 2015 | 62.15 | 92.7335 |
(RBI-Reference Rate)
