Indian rupee trimming early losses was trading unchanged on Tuesday as concerns over retrospective taxation loomed among foreign investors, weighing on the sentiment of local currency for yet another session. Meanwhile, losses of local equities on account of taxation concerns also added to the pessimistic environment of local unit. Besides , weak Asian peers and broad dollar strength added to the pressure. On the global front, dollar edged higher against its peers on Tuesday, drawing support as the euro was pressured by increasing worries that Greece could default on its debt and eventually exit the single currency.
The partially convertible currency is currently trading at 62.92, unchanged from its previous close of 62.91 on Monday. The currency touched a high and low of 63.15 and 62.89 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 62.56 and for Euro stood at 67.49 on April 20, 2015. While, the RBI’s reference rate for the Yen stood at 52.74, the reference rate for the Great Britain Pound (GBP) stood at 93.5634. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| April 20, 2015 | 62.56 | 93.5634 |
| April 17, 2015 | 62.36 | 93.0950 |
(RBI-Reference Rate)
