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Rupee turns weak against US dollar in early trade

23 Jun 2015 Evaluate

Indian rupee weakened against US dollar in early trade on Tuesday due to the dollar’s gain against other currencies overseas. Besides, fresh demand for the American unit from importers too added pressure on the rupee. On the global front, the euro fell on Tuesday as traders looked beyond an endless stream of headlines indicating progress in Greek debt talks while the dollar gained traction from solid US housing data.

The partially convertible currency is currently trading at 63.62, weaker by 10 paise from its previous close of 63.52 on Monday. The currency touched a high and low of 63.68 and 63.57 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.50 and for Euro stood at 72.31 on June 22, 2015. While, the RBI’s reference rate for the Yen stood at 51.73, the reference rate for the Great Britain Pound (GBP) stood at 100.9361. The reference rates are based on 12 noon rates of a few select banks in Mumbai.

Date1US$1GBP
June 22, 201563.5098100.9361
June 19, 201563.8195101.2560

(RBI-Reference Rate)

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