Indian rupee weakened against dollar in early deals on Tuesday due to a rise in greenback against other currencies overseas. The increased demand for the US currency from importers also impacted the rupee sentiment. On the global front, the dollar hovered near five-week highs versus the Japanese yen on Tuesday after a top Federal Reserve official added to expectations that US interest rates could be raised as early as September.
The partially convertible currency is currently trading at 63.74, weaker by 8 paise from its previous close of 63.66 on Monday. The currency touched a high and low of 63.75 and 63.6725 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.55 and for Euro stood at 68.83 on July 20, 2015. While, the RBI’s reference rate for the Yen stood at 51.20, the reference rate for the Great Britain Pound (GBP) stood at 99.1014. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| July 20, 2015 | 63.5510 | 99.1014 |
| July 17, 2015 | 63.4928 | 99.4297 |
(RBI-Reference Rate)
