Indian rupee after making a weak start, lost some ground and was trading weaker against dollar on Friday on account of incremental month-end dollar demand by banks and oil importers in view of strength of American greenback overseas. Meanwhile, the cautiousness ahead of the release of Industrial Production data issued by the government, which is expected to grow 3.1% compared with 2.6% in January, also weighed on the sentiment. On the global front, dollar hovered near a three week high against a basket of major currencies on Friday, supported by a rise in US bond yields, while the euro gained a bit of respite after a recent sell-off.
The partially convertible currency is currently trading at 62.36, weaker by 12 paise from its previous close of 62.24 on Thursday. The currency touched a high and low of 62.41 and 62.30 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 62.25 and for Euro stood at 66.99 on April 09, 2015. While, the RBI’s reference rate for the Yen stood at 51.77, the reference rate for the Great Britain Pound (GBP) stood at 92.4937. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| April 09, 2015 | 62.25 | 92.4937 |
| April 08, 2015 | 62.32 | 92.5281 |
(RBI-Reference Rate)
