Indian rupee was trading bit changed on Wednesday as gains on account of strength of other Asian currencies against dollar were offset by weakness in local equities. Additionally, month end dollar demand from bank and oil importers also weighed on sentiment to some extent. However, dollar’s weakness overseas prevented sharper slide of Indian currency. On the global front, dollar wallowed near a two month low against a basket of major currencies on Wednesday as the market hedged the risk that the Federal Reserve might adopt a more dovish tone in statements following the two days policy review.
The partially convertible currency is currently trading at 63.19, little changed from its previous close of 63.14 on Tuesday. The currency touched a high and low of 63.28 and 63.14 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.33 and for Euro stood at 68.92 on April 28, 2015. While, the RBI’s reference rate for the Yen stood at 53.20, the reference rate for the Great Britain Pound (GBP) stood at 96.5157. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| April 28, 2015 | 63.33 | 96.5157 |
| April 27, 2015 | 63.61 | 96.5559 |
