Indian rupee, after snapping two consecutive sessions’ losing streak in previous session continued trading strong on Tuesday on dollar weakness overseas against the basket of other major currencies well ahead of US Fed meeting which commences today. However, further appreciation of Indian currency was limited on account of negative local equities, while concerns of foreign funds also weighed on the sentiment to some extent. On the global front, euro hovered near a three week peak on Tuesday, having pushed higher overnight as the dollar came under broad pressure and on renewed hopes that cash strapped Greece was a step closer to securing fresh funding.
The partially convertible currency is currently trading at 63.30, stronger by 19 paise from its previous close of 63.49 on Monday. The currency touched a high and low of 63.45 and 63.29 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.61 and for Euro stood at 69.18 on April 27, 2015. While, the RBI’s reference rate for the Yen stood at 53.45, the reference rate for the Great Britain Pound (GBP) stood at 96.5559. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| April 27, 2015 | 63.61 | 96.5559 |
| April 24, 2015 | 63.40 | 95.4242 |
(RBI Reference Rate)
