Indian rupee weakened against US dollar in early trade on Wednesday due to rise in greenback against other currencies overseas. Besides, increased demand from importers for the US currency too added pressure on the rupee. Though, a higher opening in domestic equity market, capped losses to some extent. On the global front, the US dollar hovered at its highest in over a week against a basket of major currencies early on Wednesday, a day after its biggest one-day bounce this month as the market’s focus shifted from Greece to prospects for higher U.S. interest rates.
The partially convertible currency is currently trading at 63.65, weaker by 7 paise from its previous close of 63.58 on Tuesday. The currency touched a high and low of 63.7025 and 63.6350 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.64 and for Euro stood at 71.62 on June 23, 2015. While, the RBI’s reference rate for the Yen stood at 51.46, the reference rate for the Great Britain Pound (GBP) stood at 100.4121. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| June 23, 2015 | 63.6406 | 100.4121 |
| June 22, 2015 | 63.5098 | 100.9361 |
(RBI-Reference Rate)
