Indian rupee, after getting a somewhat weak start, recovered most of its losses to trade almost unchanged from its previous close on Wednesday, tracing the cautious, but positive local equities. A higher-than-expected Consumer Price Inflation (CPI) data and concerns over escalating tensions in Ukraine which sapped global risk appetite for emerging market’s assets, restricted further up-move of Indian currency. Cautiousness also built in the currency after data showed that overseas investors sold Indian shares worth of Rs 216.3 million ($3.59 million) on Tuesday -- the second straight session of outflows. On the global front, dollar climbed against a basket of major currencies on Tuesday, staying on firm footing after U.S. retail sales data the previous day signalled a brighter outlook for the U.S. economy.
The partially convertible currency is currently trading at 60.22, unchanged from its previous close of 60.23 on Tuesday. The currency touched a high and low of 60.29 and 60.21 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 60.26 and for Euro stood at 83.27 on April 15, 2014. While, the RBI’s reference rate for the Yen stood at 59.14, the reference rate for the Great Britain Pound (GBP) stood at 100.7099. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| April 15, 2014 | 60.26 | 100.7099 |
| April 11, 2014 | 60.26 | 101.0979 |
(RBI-Reference Rate)
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