Indian rupee ended flat against dollar on Tuesday due to month-end dollar demand from banks and importers. However dollar weakness against some other currencies overseas capped rupee losses to large extent. Though, the domestic currency traded strong in the early deals it lost their momentum at the end. Further, it even failed to get any support from massive gains in local equity markets. On the global front, euro climbed on Tuesday, as investors made a rush for Brexit-bashed assets hammered by some of the biggest falls since the 2008 collapse of Lehman Brothers.
Finally, the rupee ended 67.95, 1 paise weaker from its previous close at 67.94 on Monday. The currency touched a high and low of 68.00 and 67.72 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.88 and for Euro stood at 75.06 on June 27, 2016. While the RBI’s reference rate for the Yen stood at 66.69, the reference rate for the Great Britain Pound (GBP) stood at 90.1739. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
