Indian rupee weakened against the US dollar on Thursday, tracking losses in its Asian peers after the US Federal Reserve raised interest rates. Rupee fell further on foreign funds outflows amid a lower opening in the domestic equity market. On the global front, the dollar rose to a 14-year peak against a basket of major currencies on Thursday after the Federal Reserve boosted the number of projected interest rate hikes for 2017, rejuvenating the month-long Trump rally and knocking emerging market currencies.
The partially convertible currency is currently trading at 67.76, weaker by 32 paise from its previous close of 67.44 on Wednesday. The currency touched a high and low of 67.8550 and 67.71 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.56 and for Euro stood at 71.91on December 14, 2016. While the RBI’s reference rate for the Yen stood at 58.66, the reference rate for the Great Britain Pound (GBP) stood at 85.54.The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| December 14, 2016 | 67.5604 | 85.5450 |
| December 13, 2016 | 67.4867 | 85.5461 |
