Indian rupee extending its depreciating streak for yet another session on Monday, was trading around its four month low on continued dollar demand from importers, while negative local equities also weighed on the sentiment. On the global front, the dollar started the week on the defensive note on Monday after more disappointing US economic data reinforced expectation that US Federal Reserve will not hike interest rates anytime soon, while concerns about Greece’s debt talks pressurized the euro.
The partially convertible currency is currently trading at 63.61, weaker by 5 paise from its previous close of 63.56 on Friday. The currency touched a high and low of 63.77 and 63.56 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.40 and for Euro stood at 68.48 on April 24, 2015. While, the RBI’s reference rate for the Yen stood at 53.04, the reference rate for the Great Britain Pound (GBP) stood at 95.4242. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| April 24, 2015 | 63.40 | 95.4242 |
| April 23, 2015 | 63.18 | 94.9355 |
(RBI Reference Rate)
