Indian rupee ended weaker on Tuesday against dollar on sustained bouts of dollar demand from banks and importers. Further the vitality in the equity market which lost ground at the end also hit the sentiments of domestic currency. Weakness in the US dollar against major world currencies in the global market further limited the rupee fall. Investors overlooked the Consumer price inflation (CPI) data announced late yesterday that showed the retail inflation easing to 3.66 per cent in August from 3.69 per cent in July 2015. Besides, sentiment remained cautious ahead of the much-anticipated US Fed’s two-day policy meeting starting tomorrow. On the global front, yen strengthened against the dollar on Tuesday after Japan's central bank held fire on unleashing more monetary stimulus in order to boost growth in the world's third-largest economy.
Finally, the rupee ended at 66.36, 3 paise weaker from its previous close of 66.33 on Monday. The currency touched a high and low of 66.46 and 66.33 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.43 and for Euro stood at 75.04 on September 15, 2015. While, the RBI’s reference rate for the Yen stood at 55.55, the reference rate for the Great Britain Pound (GBP) stood at 102.4080. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
