Indian rupee extended depreciating streak for fifth consecutive session on Tuesday as importers continued to purchase dollars for fulfilling its Month/ Year end commitments. Further, appreciation of greenback against other currencies overseas also weighed on the sentiment. Additionally, losses of local equities added to the pessimistic milieu. On the global front, dollar hovered near a 29 month high against euro on Tuesday after a Greek vote triggered the dissolution of the country’s parliament and anxiety about potential trouble ahead for financial markets.
The partially convertible currency is currently trading at 63.74, weaker by 6 paise from its previous close of 63.68 on Monday. The currency touched a high and low of 63.78 and 63.73 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.65 and for Euro stood at 77.60 on December 29, 2014. While, the RBI’s reference rate for the Yen stood at 52.90, the reference rate for the Great Britain Pound (GBP) stood at 99.1409. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| December 29, 2014 | 63.65 | 99.1409 |
| December 26, 2014 | 63.63 | 98.9787 |
RBI - Reference Rate
