Indian rupee weakened against dollar in early deal on Monday on account of fresh demand from importers for the dollar and gains in the American currency against major currencies globally. Further, the Index of Industrial production (IIP) numbers for May were below expectations, too pressurizing rupee. Industrial production grew by 2.7% in May 2015 against expectations of 4.4%, led by a sharp fall in capital goods and consumer goods data. On the global front, the euro fell broadly early on Monday after a weekend emergency summit billed as the 'final meeting on Greece' ended with no deal but just more deadlines, dealing a blow to investors who had hoped for some kind of resolution to Athens' debt crisis.
The partially convertible currency is currently trading at 63.46, weaker by 8 paise from its previous close of 63.38 on Friday. The currency touched a high and low of 63.51 and 63.4350 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.37 and for Euro stood at 70.43 on July 10, 2015. While, the RBI’s reference rate for the Yen stood at 51.97, the reference rate for the Great Britain Pound (GBP) stood at 97.65. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| July 10, 2015 | 63.3793 | 97.6548 |
| July 09, 2015 | 63.5065 | 97.8508 |
(RBI-Reference Rate)
