Indian rupee weakened against the dollar on Wednesday due to foreign funds outflows amid a significant slump in the country's exports. Besides, persistent demand for the dollar from importers also weighed, but the dollar's weakness against other currencies overseas and gains in stock markets capped the rupee's losses. Traders are also cautious ahead of the Fed decision on interest rates at its two-day meeting beginning later in the day. On the global front, the dollar edged down in Asian trade on Wednesday but was underpinned by lofty US yields after upbeat consumer spending data kept alive expectations that the US Federal Reserve would raise interest rates.
The partially convertible currency is currently trading at 66.40, weaker by 4 paise from its previous close of 66.36 on Tuesday. The currency touched a high and low of 66.5075 and 66.3950 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.
| Date | 1US$ | 1GBP |
| September 15, 2015 | 66.4383 | 102.4080 |
| September 14, 2015 | 66.3708 | 102.5429 |
(RBI-Reference Rate)
