Indian rupee weakened marginally against US dollar in early deal on Wednesday as traders avoided long positions awaiting further clarity on the Greece issue. Further, appreciation of the American currency overseas along with fresh demand from importers also weighed, though a higher opening in the domestic equity market limited rupee's fall. On the global front, the euro got off to a cautious start in Asia on Wednesday with Greece's fate still hanging in the balance after it became the first advanced economy to ever be in arrears to the International Monetary Fund (IMF). The nation has now formally defaulted on its 1.5 billion euro payment to the IMF.
The partially convertible currency is currently trading at 63.65, little changed from its previous close of 63.64 on Tuesday. The currency touched a high and low of 63.6850 and 63.64 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.75 and for Euro stood at 71.20 on June 30, 2015. While, the RBI’s reference rate for the Yen stood at 52.07, the reference rate for the Great Britain Pound (GBP) stood at 100.1207. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| June 30, 2015 | 63.7549 | 100.1207 |
| June 29, 2015 | 63.9170 | 100.4008 |
(RBI-Reference Rate)
