Indian rupee ended higher on Wednesday on fresh selling of the American currency by exporters amid increased foreign capital inflows. The domestic currency was also supported by the gains in equity markets. Furthermore, weak dollar against major currencies overseas too supported the sentiment. On the global front, dollar slid against the basket of major currencies as investors remained cautious ahead of US inflation data and minutes from the Federal Reserve that could signal whether the central bank is on track to raise interest rates in September.
Finally, the rupee ended at 65.27, 4 paise stronger from its previous close of 65.31 on Monday. The currency touched a high and low of 65.40 and 65.11 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 65.25 and for Euro stood at 72.19 on August 19, 2015. While, the RBI’s reference rate for the Yen stood at 52.50, the reference rate for the Great Britain Pound (GBP) stood at 102.2507. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
