Indian rupee weakened against dollar on Tuesday after opening higher, followed by gains in stock markets and fresh selling of the US currency by banks and exporters. The rupee had tumbled sharply on Monday due to widespread panic sell-off in Chinese equities predominantly tipped emerging market currencies into turmoil even as the US dollar weakened overseas. On the global front, the dollar extended its gains versus the yen on Tuesday and rose 1.4 percent on the day at one point, as a rise in US stock index futures helped ease risk aversion.
The partially convertible currency is currently trading at 66.73, weaker by 8 paise from its previous close of 66.65 on Monday. The currency touched a high and low of 66.7625 and 66.3850 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.50 and for Euro stood at 76.27 on August 24, 2015. While, the RBI’s reference rate for the Yen stood at 54.97, the reference rate for the Great Britain Pound (GBP) stood at 104.0072. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| August 24, 2015 | 66.5093 | 104.0072 |
| August 21, 2015 | 65.8298 | 103.3857 |
(RBI-Reference Rate)
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