Supported by dollar inflows Indian rupee was appreciated to its strongest level in nearly two weeks on the first session of the new financial year 2012/13, after a three-day weekend. However improved risk appetite after manufacturing data from China and United States offset worries about a mild recession in the euro zone also supported the rupee. Gains in euro and Asian currencies against the US currency in the overseas market also aided rupee. Meanwhile positive equity markets continued to support local currency.
The partially convertible currency is currently trading at 50.56, stronger by 29 paise from its previous close of 50.85 on Friday. It has touched a high and a low of 50.62 and 50.52 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at Rs 51.15 and for Euro it stood at Rs 68.34 on March 30, 2012. While, the RBI's reference rate for the Yen stood at 62.43 the reference rate for the Great Britain Pound (GBP) stood at 81.7992. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
March 30, 2012 | 51.15 | 81.7992 |
March 29, 2012 | 51.14 | 81.4126 |
