Indian rupee weakened against the US dollar in first half on Tuesday, as traders turned cautious ahead of two key central bank policy reviews in the United States and Japan, which are scheduled to deliver their latest monetary policy decision on Wednesday. Further, fresh demand for the American currency from importers, dollar’s strength against some currencies overseas, and weakness in domestic equities also weighed on the rupee. On the global front, major currencies came to a standstill on Tuesday as investors look to this week's policy meetings of the Bank of Japan and Federal Reserve, with speculation rife that the Japanese central bank will make crucial changes to its easing program.
The partially convertible currency is currently trading at 67.02, weaker by 5 paise from its previous close of 66.97 on Monday. The currency touched a high and low of 67.0675 and 66.94 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.87 and Euro stood at 74.68 on September 19, 2016. While the RBI’s reference rate for the Yen stood at 65.54 and the reference rate for the Great Britain Pound (GBP) stood at 87.26.The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| September 19, 2016 | 66.8737 | 87.2568 |
| September 16, 2016 | 66.8804 | 88.4694 |
