Indian rupee ended unchanged at its previous close, the domestic currency though traded higher in early trade on bouts of dollar selling by banks and exporters amid gains in domestic equity market after international crude oil prices fell. Besides, weakness in the dollar against other currencies overseas also supported the domestic currency; however it turned cautious ahead of the conclusion of US Fed’s monetary policy meeting. On the global front, the euro and yen were all broadly steady, keeping the US currency slightly lower against a basket of currencies ahead of a Fed policy statement, which may be crucial for fading market expectations of a rate rise in September.
Finally, the rupee ended unchanged from its previous close of 63.91 on Tuesday. The currency touched a high and low of 63.94 and 63.82 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.89 and for Euro stood at 70.62 on July 29, 2015. While, the RBI’s reference rate for the Yen stood at 51.75, the reference rate for the Great Britain Pound (GBP) stood at 99.7134. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
