Indian rupee, after making a strong start, gave away all its gains and was currently trading against US dollar on Thursday on account of strong dollar demand from state run banks likely for oil and defence related payments. However, gains in local equity markets combined with strength of other Asian market currencies against dollar restricted further losses of local unit. On the global front, dollar hit a three-week low versus a basket of major currencies on Thursday after minutes from the Federal Reserve's March meeting disappointed dollar bulls, while the Aussie dollar surged on data showing solid Australian jobs growth.
The partially convertible currency is currently trading at 60.19, little changed from its previous close of 60.14 on Wednesday. The currency touched a high and low of 60.30 and 60.05 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 60.07 and for Euro stood at 82.78 on April 09, 2014. While, the RBI’s reference rate for the Yen stood at 58.88, the reference rate for the Great Britain Pound (GBP) stood at 100.5639. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| April 09, 2014 | 60.07 | 100.5639 |
| April 07, 2014 | 59.94 | 99.3583 |
(RBI-Reference Rate)
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