Indian rupee was trading weak against dollar on Thursday on month-end American currency demand from oil importers amidst sustained capital outflows. Besides, losses of local equities in absence of any positive trigger also weighed down on the sentiment. However, dollar’s weakness to some extent limited further slide of local unit. On the global front, euro was broadly higher on Thursday as German yields soared on easing deflation fears, while doubts about the strength of the U.S. recovery took a temporary toll on the dollar.
The partially convertible currency is currently trading at 63.55, weaker by 25 paise from its previous close of 63.30 on Wednesday. The currency touched a high and low of 63.63 and 63.40 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.20 and for Euro stood at 69.33 on April 29, 2015. While, the RBI’s reference rate for the Yen stood at 53.08, the reference rate for the Great Britain Pound (GBP) stood at 97.0095. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| April 29, 2015 | 63.20 | 97.0095 |
| April 28, 2015 | 63.33 | 96.5157 |
(RBI -Reference Rate)
