Indian rupee weakened against dollar in early deals on Thursday due to increased demand for the American currency from importers. Further, dollar’s strength against other currencies overseas, buoyed by Federal Reserve Chair Janet Yellen’s reiteration that an interest rate hike remained likely this year as the economy improves, also added pressure on the rupee. However, a higher opening in the domestic equity market capped some of the losses. On the global front, the euro edged lower on Thursday after Greece's parliament approved the austerity plan demanded by its lenders, while the US dollar firmed as the Federal Reserve chief did not waver from her views that a rate hike was on the cards this year.
The partially convertible currency is currently trading at 63.49, weaker by 7 paise from its previous close of 63.42 on Wednesday. The currency touched a high and low of 63.5350 and 63.48 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.38 and for Euro stood at 69.68 on July 15, 2015. While, the RBI’s reference rate for the Yen stood at 51.34, the reference rate for the Great Britain Pound (GBP) stood at 99.1337. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| July 15, 2015 | 63.3847 | 99.1337 |
| July 14, 2015 | 63.4978 | 98.1993 |
(RBI-Reference Rate)
