Rupee trades flat eyeing movement in equity markets

Indian rupee was trading flat on Wednesday morning, though the equity markets are showing uptrend but most of the Asian currencies were weaker against the dollar and were weighing on the sentiments. Meanwhile, the dollar has moved higher against euro after an inconclusive talk between the European leaders and a lack of progress in talk of a common bond.

The partially convertible currency is currently trading at 45.36/37, flat compared to its previous close of 45.37 on Tuesday. It touched a high and low of 45.4150 and 45.3475 respectively. The Reserve Bank of India's reference rate for the dollar stood at 45.2490 and for Euro it stood at 65.0620 on August 16, 2011. While, the RBI's reference rate for the Yen stood at 58.93 and the reference rate for the Great Britain Pound (GBP) stood at 73.8803. The reference rates are based on 12 noon rates of a few select banks in Mumbai.