Indian rupee slipped after gaining initially on Wednesday on fresh dollar demand from importers. Though, dollar’s weakness against other currencies overseas and a firm domestic equity market capped some losses. On the global front, the yen weakened against the dollar and euro on Wednesday after the Bank of Japan altered its policy framework, and investors bought back the US currency ahead of the outcome of the Federal Reserve's policy meeting later in the session.
The partially convertible currency is currently trading at 67.07, weaker by 5 paise from its previous close of 67.02 on Tuesday. The currency touched a high and low of 67.1450 and 66.98 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.02 and for Euro stood at 74.88 on September 20, 2016. While the RBI’s reference rate for the Yen stood at 65.86, the reference rate for the Great Britain Pound (GBP) stood at 87.37.The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| September 20, 2016 | 67.0200 | 87.3740 |
| September 19, 2016 | 66.8737 | 87.2568 |
