Indian rupee weakened against US dollar in early deals on Wednesday against US dollar, extending losses for the second day, due to appreciation of the American unit against other currencies overseas amid Greece's crisis. Further, a lower opening in the domestic equity market also weighed on the local currency. On the global front, the dollar and yen gained with investors seeking the perceived safety of these currencies as Asian equities, notably volatile Chinese shares, fell across the board and hurt risk appetite.
The partially convertible currency is currently trading at 63.55, weaker by 9 paise from its previous close of 63.46 on Tuesday. The currency touched a high and low of 63.5950 and 63.5275 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.37 and for Euro stood at 69.96 on July 7, 2015. While, the RBI’s reference rate for the Yen stood at 51.67, the reference rate for the Great Britain Pound (GBP) stood at 98.85. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
Date | 1US$ | 1GBP |
July 07, 2015 | 63.3749 | 98.8585 |
July 06, 2015 | 63.5785 | 99.1062 |
(RBI-Reference Rate)