Indian rupee turned stronger, snapping its five-day falling spree, against the US dollar in early trade on Tuesday on fresh selling of the American currency by exporters and banks. Besides, a higher opening in domestic equity market too helped the rupee. On the global front, the euro slipped on Tuesday as traders braced for the near certainty that Greece will default on a repayment to the International Monetary Fund later in the day, putting the country at risk of disruptive exit from the euro zone.
The partially convertible currency is currently trading at 63.74, stronger by 10 paise from its previous close of 63.84 on Monday. The currency touched a high and low of 63.80 and 63.73 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.91 and for Euro stood at 70.41 on June 29, 2015. While, the RBI’s reference rate for the Yen stood at 52.17, the reference rate for the Great Britain Pound (GBP) stood at 100.4008. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
Date | 1US$ | 1GBP |
June 29, 2015 | 63.9170 | 100.4008 |
June 26, 2015 | 63.6042 | 100.0939 |
(RBI-Reference Rate)