Indian rupee made a soft start of the new week, extending the fall of last session, due to fresh demand for the American currency from importers. Weak economic data too was weighing on the sentiments after India's trade deficit was reported at the highest in four months as exports continued to fall. Also, the weak trading in the local equity markets too kept pressurizing the domestic currency movement. However, dollar's weakness against other currencies overseas capped some decline in the rupee, the dollar got off to a soft start on Monday led by of China's latest stimulus injection.
The partially convertible currency is currently trading at 62.55, weaker by 19 paise from its previous close of 62.36 on Friday. The currency touched a high and low of 62.56 and 62.49 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 62.34 and for Euro stood at 67.13 on April 17, 2015. While, the RBI’s reference rate for the Yen stood at 52.41, the reference rate for the Great Britain Pound (GBP) stood at 93.0950. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| April 17, 2015 | 62.36 | 93.0950 |
| April 16, 2015 | 62.30 | 92.4426 |
(RBI-Reference Rate)
