Indian rupee weakened against dollar in early deals on Monday, tracking Asian currencies which fell versus dollar after global oil producers failed to agree on an output freeze, sending oil prices tumbling anew. Rupee depreciated further on increased demand for the dollar from importers, but a higher opening of the domestic equity market and the dollar’s weakness against some currencies overseas capped the losses. Forex market remained closed on Thursday and Friday for ’Ambedkar Jayanti’ and ‘Ram Navami’, respectively.
The partially convertible currency is currently trading at 66.67, weaker by 3 paise from its previous close of 66.64 on Wednesday. The currency touched a high and low of 66.71 and 66.6225 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.42 and for Euro stood at 75.46 on April 13, 2016. While the RBI’s reference rate for the Yen stood at 60.98, the reference rate for the Great Britain Pound (GBP) stood at 94.6684. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| April 13, 2016 | 66.4293 | 94.6684 |
| April 12, 2016 | 66.4950 | 94.7487 |
(RBI-Reference Rate)
