Indian rupee depreciated for third straight session to trade beyond the perilous ‘63/$’ mark on Friday, after foreign institutional investors (FIIs) sold a net of Rs 59.8 crore in shares on Thursday to snap a 32-day buying streak that totaled Rs 23,884 crore as per exchange and regulatory data. However, the further slide of the currency was limited on account of recovery of euro and domestic equities, which sprang up on fresh buying. On the global front, the euro, recovered earlier losses against the dollar after European Central Bank President Mario Draghi played down the possibility of the bank implementing negative deposit rates.
The partially convertible currency is currently trading at 63.01, weaker by 8 paise from its previous close of 62.93 on Thursday. The currency touched a high and low of 63.07 and 62.85 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 62.88 and for Euro it stood at 84.41 on November 21, 2013. While, the RBI’s reference rate for the Yen stood at 62.45, the reference rate for the Great Britain Pound (GBP) stood at 101.1389. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| November 21, 2013 | 62.88 | 101.1389 |
| November 20, 2013 | 62.55 | 100.7747 |
(RBI Reference Rate)
