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Rupee weakens against dollar in early deal on Tuesday

14 Jul 2015 Evaluate

Indian rupee weakened against dollar in early deals on Tuesday on account of increased demand for the American currency from importers. Further, dollar's strength against major world currencies too weighed on the local currency. On the global front, the dollar strengthened against the yen and euro on Tuesday after Greece finally agreed to a debt deal with its creditors, allowing market focus to shift back towards US and European yield differentials.

The partially convertible currency is currently trading at 63.53, weaker by 2 paise from its previous close of 63.51 on Monday. The currency touched a high and low of 63.58 and 63.5250 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.46 and for Euro stood at 70.69 on July 13, 2015. While, the RBI’s reference rate for the Yen stood at 51.77, the reference rate for the Great Britain Pound (GBP) stood at 98.47. The reference rates are based on 12 noon rates of a few select banks in Mumbai. 

Date1US$1GBP
July 13, 201563.465598.4731
July 10, 201563.379397.6548

(RBI-Reference Rate)

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