Indian rupee depreciated against the US dollar in early trade on Wednesday on sustained demand for the American currency from importers and banks. The rupee weakened further amid prevailing uncertainty over the fate of Britain's vote on EU exit. Janet Yellen said that the UK vote to exit the European Union could have significant economic repercussions and Fed policymakers were closely monitoring global economic and financial developments and their implications for the US economic activity, labour markets, and inflation. However, the dollar’s weakness against euro and other currencies overseas and a firm domestic equity market restricted the loss. On the global front, the sterling stood tall on the eve of Britain's referendum on whether to remain in the European Union.
The partially convertible currency is currently trading at 67.56, weaker by 7 paise from its previous close of 67.49 on Tuesday. The currency touched a high and low of 67.62 and 67.5550 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.47 and for Euro stood at 76.45 on June 21, 2016. While the RBI’s reference rate for the Yen stood at 64.59, the reference rate for the Great Britain Pound (GBP) stood at 99.2582. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| June 21, 2016 | 67.4767 | 99.2582 |
| June 20, 2016 | 67.4087 | 98.1538 |
