Indian rupee breached the 66-mark against the dollar and extended its losses in early trade on Wednesday due to foreign funds outflows. Besides, persistent demand for the American currency from importers and banks and dollar’s strength against other currencies overseas weighed on the rupee. On the global front, the dollar hit its highest in nearly three weeks versus a basket of currencies on Wednesday, while the yen held on to broad gains made overnight as persistent worries over a slowdown in China dampened risk sentiment.
The partially convertible currency is currently trading at 66.08, weaker by 20 paise from its previous close of 65.88 on Tuesday. The currency touched a high and low of 66.12 and 65.9850 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 65.62 and for Euro stood at 73.26 on September 22, 2015. While, the RBI’s reference rate for the Yen stood at 54.50, the reference rate for the Great Britain Pound (GBP) stood at 101.7319. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| September 22, 2015 | 65.6250 | 101.7319 |
| September 21, 2015 | 65.7531 | 102.1672 |
(RBI-Reference Rate)
