Indian rupee weakened and again broke below the 68-mark against dollar in early deals on Tuesday due to increased demand for the American unit from importers and banks amid a lower opening in the domestic equity market, even as data showed the domestic economy grew 7.3 percent in the December quarter, while the CSO pegged FY16 GDP growth at 7.6 percent. On the global front, the dollar briefly crashed through the 115-yen level to its lowest since November 2014 on Tuesday, as a sell-off in European and US stocks continued into the Asian session and stoked demand for the perceived safe-haven Japanese currency.
The partially convertible currency is currently trading at 68.18, weaker by 24 paise from its previous close of 67.94 on Monday. The currency touched a high and low of 68.20 and 68.1025 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.81 and for Euro stood at 75.53 on February 10, 2016. While the RBI’s reference rate for the Yen stood at 57.75, the reference rate for the Great Britain Pound (GBP) stood at 98.3308. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| February 08, 2016 | 67.8190 | 98.3308 |
| February 05, 2016 | 67.6365 | 98.4720 |
