Indian rupee was trading marginally weak after a good start, earlier the rupee strengthened against the dollar on fresh selling of the American currency by exporters. The dollar's weakness against some currencies overseas and early gains in the domestic equity market too supported rupee’s initial gains. On the global front, the dollar took a breather on Tuesday as investors consolidated the gains built on expectations of increased fiscal spending and higher inflation under a Trump administration. Meanwhile, an earthquake of magnitude 7.4 and the subsequent tsunami warning in northern Japan prompted knee-jerk selling of the dollar for safe-haven yen in early trade.
The partially convertible currency is currently trading at 68.22, weaker by 6 paise from its previous close of 68.16 on Monday. The currency touched a high and low of 68.2450 and 68.09 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 68.25 and for Euro stood at 72.35 on November 21, 2016. While the RBI’s reference rate for the Yen stood at 61.45, the reference rate for the Great Britain Pound (GBP) stood at 84.20.The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| November 21, 2016 | 68.2575 | 84.2025 |
| November 18, 2016 | 68.0937 | 84.4158 |
