Indian rupee weakened against dollar in early deals on Wednesday due to rise in the American currency against other currencies overseas. Besides, increased demand for the US currency from importers also influenced the rupee movement. However, a higher opening in the domestic equity market capped the losses to some extent. On the global front, the dollar extended gains against the yen and euro on Wednesday after Atlanta Federal Reserve President Dennis Lockhart expressed support for an interest rate hike in September.
The partially convertible currency is currently trading at 63.84, weaker by 9 paise from its previous close of 63.75 on Tuesday. The currency touched a high and low of 63.9350 and 63.7950 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.93 and for Euro stood at 70.04 on August 04, 2015. While, the RBI’s reference rate for the Yen stood at 51.59, the reference rate for the Great Britain Pound (GBP) stood at 99.8226. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| August 04, 2015 | 63.9315 | 99.8226 |
| August 03, 2015 | 63.9623 | 99.9347 |
(RBI-Reference Rate)
