Indian rupee, after consolidating in the previous trading session, was trading weak on Tuesday tracking colossal losses of local equities, while weakness of other Asian currencies also weighed on the sentiment. The currency now will monitor foreign fund flows into domestic share and debt market for direction. Overseas investors bought a net 4894.94 crore in debt markets on Monday. On the global front, dollar held steady versus a basket of major currencies on Tuesday, clinging to gains made the previous day thanks to higher U.S. bond yields after last week's solid U.S. jobs report.
The partially convertible currency is currently trading at 59.28, weaker by 9 paise from its previous close of 59.19 on Monday. The currency touched a high and low of 59.33 and 59.15 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 59.06 and for Euro stood at 80.61 on June 9, 2014. While, the RBI’s reference rate for the Yen stood at 57.65, the reference rate for the Great Britain Pound (GBP) stood at 99.3457. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| June 9, 2014 | 59.06 | 99.3457 |
| June 6, 2014 | 59.19 | 99.5161 |
(RBI-Reference Rate)
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