Snapping earlier session’s losses, Indian rupee appreciated against dollar in the late morning session on Friday amid increased selling of the US currency by exporters. However, weakness in local equity markets and dollar’s strength against other currencies overseas capped the domestic unit’s gains to some extent. Meanwhile, investors remained cautious over continues growth concerns amid political uncertainty and capital outflows by foreign investors, which continued to weigh on the rupee sentiments.
The partially convertible currency is currently trading at 54.84, stronger by 3 paise from its previous close of 54.87 on Thursday. The currency has touched a high and low of 54.86 and 54.77 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at Rs 54.65 and for Euro it stood at Rs 70.08 on April 4, 2013. While, the RBI’s reference rate for the Yen stood at 57.37, the reference rate for the Great Britain Pound (GBP) stood at 82.4144. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| April 4, 2013 | 54.65 | 82.4144 |
| April 3, 2013 | 54.38 | 82.0478 |
RBI-Reference rate
