Rising for fifth consecutive session, Indian rupee ended stronger against dollar on Thursday on continued selling of the American currency by banks and exporters amid increased foreign fund inflows. The domestic currency was strong from the start and was also supported by the gains in local equity market. Besides, gains in Asian currencies markets after Fed Chair Janet Yellen's dovish comments on the US interest rate trajectory also supported the domestic currency. On the global front, yen continued to build upon gains established on Thursday after Japan’s PM Abe failed to mention any extra stimulus measures for the upcoming fiscal year this week.
Finally, the rupee ended at 66.25, 13 paise stronger from its previous close of 66.38 on Wednesday. The currency touched a high and low of 66.36 and 66.17 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.33 and for Euro stood at 75.09 on March 31, 2016. While the RBI’s reference rate for the Yen stood at 59.06, the reference rate for the Great Britain Pound (GBP) stood at 95.0882. The reference rates are based on 12 noon rates of a few select banks in Mumbai
