Indian rupee was trading weak against dollar on Friday on account of fresh demand for American currency from oil importers, while negative local equities also weighed on the sentiment. However, further slide of Indian currency was limited on account of dollar’s weakness against the basket of other major currencies following another round of discouraging US data. On the global front, dollar retreated this week as series of lackluster indicators underscored the view that the Federal Reserve is more likely to raise interest rates later this year than in June.
The partially convertible currency is currently trading at 62.35, weaker by 5 paise from its previous close of 62.30 on Thursday. The currency touched a high and low of 62.38 and 62.33 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 62.36 and for Euro stood at 66.55 on April 16, 2015. While, the RBI’s reference rate for the Yen stood at 52.27, the reference rate for the Great Britain Pound (GBP) stood at 92.4426. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| April 16, 2015 | 62.36 | 92.4426 |
| April 15, 2015 | 62.40 | 92.1499 |
(RBI-Reference Rate)
