Indian rupee after making a positive start reclaimed some more ground and was trading stronger against dollar on Friday on positive local equities, while gains in other Asian currencies also aided the sentiment. Meanwhile, dollar selling by exporters and banks in the backdrop of weakness of American currency overseas also bolstered the sentiment of local unit. On the global front, US dollar weakened against the euro for the first time this week on Thursday as investors were reluctant to enter new positions after a dramatic selloff over the past month and as some US economic data disappointed.
The partially convertible currency is currently trading at 63.56, stronger by 8 paise from its previous close of 63.64 on Thursday. The currency touched a high and low of 63.63 and 63.55 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.70 and for Euro stood at 70.66 on May 21, 2015. While, the RBI’s reference rate for the Yen stood at 52.59, the reference rate for the Great Britain Pound (GBP) stood at 98.9197. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
Date | 1US$ | 1GBP |
May 21, 2015 | 63.70 | 98.9197 |
May 20, 2015 | 63.86 | 98.8893 |
(RBI-Reference Rate)