Indian rupee weakened against dollar in the early trade on Thursday following gains in the American currency against major currencies globally. The domestic currency was also weighed down by increased demand for the dollar from importers. Though, higher opening in the domestic equity market limited the rupee’s fall. On the global front, the dollar crawled off one-week lows against the yen on Thursday, while the New Zealand dollar stole the Asian spotlight and rallied after the central bank there made a smaller cut to interest rates than some investors had expected.
The partially convertible currency is currently trading at 63.74, weaker by 16 paise from its previous close of 63.58 on Wednesday. The currency touched a high and low of 63.7475 and 63.6350 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.52 and for Euro stood at 69.60 on July 22, 2015. While, the RBI’s reference rate for the Yen stood at 51.38, the reference rate for the Great Britain Pound (GBP) stood at 99.1931. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| July 22, 2015 | 63.5283 | 99.1931 |
| July 21, 2015 | 63.6506 | 99.1358 |
(RBI-Reference Rate)
