Indian rupee weakened against the US dollar on Tuesday amid across-the-board fall in other Asian currency markets. The rupee lost further following fresh demand for the American unit from importers and banks amid a lower opening in domestic equities. The dollar firmed up against some global currencies. On the global front, the Australian dollar slipped on Tuesday as the central bank held steady and on speculation that easing could lie ahead, while the perceived safe-haven yen got a lift from worrying signs in China's service sector.
The partially convertible currency is currently trading at 67.38, weaker by 11 paise from its previous close of 67.27 on Monday. The currency touched a high and low of 67.3925 and 67.32 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.18 and for Euro stood at 74.83 on July 04, 2016. While the RBI’s reference rate for the Yen stood at 65.47, the reference rate for the Great Britain Pound (GBP) stood at 89.30. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| July 04, 2016 | 67.1848 | 89.3020 |
| July 01, 2016 | 67.4410 | 89.5482 |
