Indian rupee was trading weak against dollar on Thursday due to fresh dollar demand by oil importers in view of strength overseas on strong American housing sales data. Additionally, subdued trend of local equities also weighed on the sentiment. The currency after making weak start has lost further ground and has been trading at its weakest level since January 7, which is past the psychological ‘63/$’ mark on the back of weakness in other Asian currencies against dollar. On the global front, U.S. dollar held firm on Thursday after strong U.S. housing data helped to lift U.S. bond yields while the New Zealand dollar fell more than one percent following dovish central bank comments.
The partially convertible currency is currently trading at 63.18, weaker by 34 paise from its previous close of 62.84 on Wednesday. The currency touched a high and low of 63.21 and 62.89 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 62.81 and for Euro stood at 67.58 on April 22, 2015. While, the RBI’s reference rate for the Yen stood at 52.55, the reference rate for the Great Britain Pound (GBP) stood at 93.8505. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| April 22, 2015 | 62.81 | 93.8505 |
| April 21, 2015 | 62.92 | 93.5746 |
(RBI-Reference Rate)
