Indian rupee after making a weak start for yet another session was trading near the lowest level since September 13, 2013 on Thursday tracking losses of local equities, while weakness of other Asian currencies also hurt the sentiment. The local unit continued its slide for fifth consecutive session against the dollar as foreign investors continued to liquidate their investments in the country, both in equities and debt. On the global front, dollar languished near its lowest levels in over two months against the basket of major currencies under renewed pressure from disappointing US data, while sterling braced for volatile trading ahead of an unpredictable UK election.
The partially convertible currency is currently trading at 63.89, weaker by 35 paise from its previous close of 63.54 on Wednesday. The currency touched a high and low of 63.93 and 63.69 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.64 and for Euro stood at 71.50 on May 6, 2015. While, the RBI’s reference rate for the Yen stood at 53.10, the reference rate for the Great Britain Pound (GBP) stood at 96.8066. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| May 6, 2015 | 63.64 | 96.8066 |
| May 5, 2015 | 63.51 | 95.9588 |
(RBI-Reference Rate)
