Indian rupee after making a weak start lost some more ground to trade weaker against dollar on Tuesday tracking weakness in other regional currency. Also, the weakness of local equities after Reserve Bank of India kept the key policy repo rate unchanged at 7.5% in its first bi-monthly monetary policy 2015-16 also weighed on the sentiment. On the global front, dollar held firm in Asia on Tuesday, having recovered almost all of its payroll-inspired losses while the Australian dollar jumped more than one percent after the Australian central bank refrained from cutting rates.
The partially convertible currency is currently trading at 62.33, weaker by 14 paise from its previous close of 62.19 on Monday. The currency touched a high and low of 62.33 and 62.25 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 62.15 and for Euro stood at 68.23 on April 06, 2015. While, the RBI’s reference rate for the Yen stood at 52.23, the reference rate for the Great Britain Pound (GBP) stood at 92.7335. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| April 6, 2015 | 62.15 | 92.7335 |
| March 31, 2015 | 62.59 | 92.4591 |
(RBI-Reference Rate)
