Indian rupee, after registering its biggest single day gain since mid-May and its strongest level since June 13 in previous session, was trading tad weak on Thursday. However, continued dollar sales by foreign banks on behalf of overseas investors, kept the currency below the psychological ‘60/ $’ level. However, dollar strength against basket of other major currencies weighed on the sentiment. Globally, dollar held firm above a recent eight-week low on Thursday, supported by hopes for a healthy rise in nonfarm payrolls, while the Aussie fell after Australia's central bank chief warned that markets are underestimating the risk of a sharp fall in the currency.
The partially convertible currency is currently trading at 59.74, weaker by 7 paise from its previous close of 59.67 on Wednesday. The currency touched a high and low of 59.76 and 59.52 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 59.97 and for Euro stood at 82.02 on July 02, 2014. While, the RBI’s reference rate for the Yen stood at 59.05, the reference rate for the Great Britain Pound (GBP) stood at 102.8982. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| July 02, 2014 | 59.97 | 102.8982 |
| July 01, 2014 | 60.13 | 102.8343 |
