Indian rupee weakened against dollar in early deals on Monday, despite dollar’s weakness against other currencies overseas and a higher opening in the domestic stock market. On the global front, the dollar edged down on Monday but remained well off recent lows as markets started the week on a calmer note and investors turned their attention to upcoming central bank meetings.
The partially convertible currency is currently trading at 67.64, little changed from its previous close of 67.63 on Friday. The currency touched a high and low of 67.6650 and 67.53 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.74 and for Euro stood at 73.40 on January 22, 2016. While the RBI’s reference rate for the Yen stood at 57.38, the reference rate for the Great Britain Pound (GBP) stood at 96.4461. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| January 22, 2016 | 67.7480 | 96.4461 |
| January 21, 2016 | 68.06 | 96.5567 |
(RBI-Reference Rate)
