Indian rupee was trading stronger against dollar on Thursday on persistent dollar sales by exporters and state run banks in view of weakness of American currency against the basket of other major currencies. However, negative local equities ahead of cautiousness of April WPI data limited further appreciation of local currency. On the global front, dollar languished near a three month low against the basket of major currencies on Thursday after surprisingly soft retail sales prompted some investors to wonder if the Federal Reserve can afford to hike interest rates at all this year.
The partially convertible currency is currently trading at 63.84, stronger by 17 paise from its previous close of 64.01 on Wednesday. The currency touched a high and low of 64.04 and 63.82 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.18 and for Euro stood at 72.07 on May 13, 2015. While, the RBI’s reference rate for the Yen stood at 53.54, the reference rate for the Great Britain Pound (GBP) stood at 100.5785. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| May 13, 2015 | 64.18 | 100.5785 |
| May 12, 2015 | 64.20 | 100.0331 |
(RBI-Reference Rate)
