Indian rupee weakened marginally against the US dollar on Wednesday ahead of the outcome of the RBI’s bi-monthly monetary policy review outcome later in the day. Further, increased demand for the US currency from importers and the dollar’s gains against rivals overseas too put pressure on the rupee. On the global front, the dollar wallowed near a six-week low against the safe-haven yen on Wednesday, with traders cautious ahead of Britain's general election, a European Central Bank policy decision and testimony by former FBI Director James Comey.
The partially convertible currency is currently trading at 64.43, little changed from its previous close of 64.42 on Tuesday. The currency touched a high and low of 64.5150 and 64.3850 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.35 and for Euro stood at 72.51 on June 06, 2017. While the RBI’s reference rate for the Yen stood at 58.71, the reference rate for the Great Britain Pound (GBP) stood at 83.16. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| June 06, 2017 | 64.3516 | 83.1616 |
| June 05, 2017 | 64.3485 | 82.7972 |
(RBI-Reference Rate)
