Indian rupee weakened against dollar in early deals on Tuesday as traders remained cautious ahead of the macroeconomic data -- industrial production (IIP) for February and consumer price index (CPI) for March -- to be released later in the day. However, increased selling of the American currency by exporters, higher opening in the domestic stock markets and sustained foreign fund inflows capped some losses. On the global front, the US dollar remained on the defensive on Tuesday, after carving out a fresh low on the break of a technical barrier overnight as momentum sellers joined in the fray.
The partially convertible currency is currently trading at 66.53, weaker by 10 paise from its previous close of 66.43 on Monday. The currency touched a high and low of 66.5575 and 66.39 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.39 and for Euro stood at 75.75 on April 11, 2016. While the RBI’s reference rate for the Yen stood at 61.53, the reference rate for the Great Britain Pound (GBP) stood at 93.7860. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| April 11, 2016 | 66.3925 | 93.7860 |
| April 07, 2016 | 66.4698 | 94.0415 |
(RBI-Reference Rate)
