Indian rupee slipped from a one month high against dollar in early deals on Monday due to foreign fund outflows amid fresh dollar demand from banks and importers. Further, weak domestic equity market also weighed on the rupee. On the global front, the dollar started Monday trade on a firm footing, having recovered recent losses as major central banks were quick to burnish their dovish credentials after the Federal Reserve last week delayed a long-anticipated hike in US interest rates.
The partially convertible currency is currently trading at 65.76, weaker by 9 paise from its previous close of 65.67 on Friday. The currency touched a high and low of 65.8850 and 65.75 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 65.92 and for Euro stood at 75.12 on September 18, 2015. While, the RBI’s reference rate for the Yen stood at 55.01, the reference rate for the Great Britain Pound (GBP) stood at 102.7515. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| September 18, 2015 | 65.9255 | 102.7515 |
| September 16, 2015 | 66.5000 | 101.9977 |
(RBI-Reference Rate)
