Indian rupee was trading lower against dollar on Monday due to fresh demand for the US currency from importers and banks. Besides, firmness in US currency against a basket of six major currencies, helped by the euro's weakness, too weighed on rupee. Rupee weakened further ahead of an unscheduled US Federal Reserve meeting later in the day. The Fed said the meeting was called to review the advance and discount interest rates charged to commercial banks and other financial institutions. However, early gains in domestic stock markets capped the rupee losses. On the global front, the euro extended its losses and hit a seven-month low against the dollar on Monday, pressured by expectations that the European Central Bank will ramp up its monetary stimulus next month.
The partially convertible currency is currently trading at 66.38, weaker by 18 paise from its previous close of 66.20 on Friday. The currency touched a high and low of 66.3925 and 66.24 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.09 and for Euro stood at 70.85 on November 20, 2015. While, the RBI’s reference rate for the Yen stood at 53.82 the reference rate for the Great Britain Pound (GBP) stood at 101.0379. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| November 20, 2015 | 66.0940 | 101.0379 |
| November 19, 2015 | 66.1105 | 101.0301 |
(RBI-Reference Rate)
