Indian rupee traded lower against US dollar in early trade on Monday on capital outflows by foreign funds amid strengthening of the American currency against others overseas. Besides, increased demand for dollar from importers and banks too weighed on the local currency. On the global front, the dollar held firm in early Asia on Monday, trading near 13-year highs against the yen after strong US employment data bolstered expectations for an early interest rate hike by the Federal Reserve.
The partially convertible currency is currently trading at 64.16, weaker by 41 paise from its previous close of 63.75 on Friday. The currency touched a high and low of 64.16 and 64.00 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.89 and for Euro stood at 71.81 on June 5, 2015. While, the RBI’s reference rate for the Yen stood at 51.33, the reference rate for the Great Britain Pound (GBP) stood at 97.9774. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| June 05, 2015 | 63.8955 | 97.9774 |
| June 04, 2015 | 64.1775 | 98.3007 |
(RBI-Reference Rate)
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