Indian rupee weakened against the US dollar on Monday, tracking losses in the Asian currencies market. Further, sustained demand for the US currency from importers too weighed on domestic currency. On the global front, the yen hit a three-week low on Monday on expectations the Bank of Japan could start lending to banks at negative rates, while sterling hit a five-week high in reaction to President Barack Obama urging Britons to stay in the European Union.
The partially convertible currency is currently trading at 66.68, weaker by 20 paise from its previous close of 66.48 on Friday. The currency touched a high and low of 66.7250 and 66.6425 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.49 and for Euro stood at 75.10 on April 22, 2016. While the RBI’s reference rate for the Yen stood at 60.15, the reference rate for the Great Britain Pound (GBP) stood at 95.4433. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| April 22, 2016 | 66.4925 | 95.4433 |
| April 21, 2016 | 66.2930 | 95.1437 |
