Indian rupee was trading lower against dollar in early deals on Tuesday on increased demand for the US currency from importers. Besides, early losses in domestic equity markets also weighed on the rupee. Though, weak dollar against major world currencies, capped rupee losses. On the global front, the dollar languished around three-week lows against a basket of currencies as expectations faded that the US Federal Reserve would hike interest rates as early as this month.
The partially convertible currency is currently trading at 64.93, weaker by 18 paise from its previous close of 64.75 on Monday. The currency touched a high and low of 65.01 and 64.86 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.72 and for Euro stood at 73.59 on October 12, 2015. While, the RBI’s reference rate for the Yen stood at 53.86 the reference rate for the Great Britain Pound (GBP) stood at 99.2962. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| October 12, 2015 | 64.7260 | 99.2962 |
| October 09, 2015 | 64.7848 | 99.5418 |
(RBI-Reference Rate)
