Indian rupee gained marginally on Friday against the US dollar in early trade due to increased selling of the US currency by exporters and banks. Besides, higher opening in domestic stock market supported the rupee. The rupee improved further ahead of Gross Domestic Product (GDP) data due later in the day. The government will release the fourth quarter GDP growth numbers today, while the Reserve Bank of India (RBI) will announce its interest rate decision on Tuesday.
The partially convertible currency is currently trading at 63.76, tad stronger by 4 paise from its previous close of 63.80 on Thursday. The currency touched a high and low of 63.7950 and 63.6950 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.90 and for Euro stood at 69.73 on May 28, 2015. While, the RBI’s reference rate for the Yen stood at 51.60, the reference rate for the Great Britain Pound (GBP) stood at 98.1647. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
Date | 1US$ | 1GBP |
May 28, 2015 | 63.9010 | 98.1647 |
May 27, 2015 | 63.9475 | 98.6390 |