Indian rupee weakened against the US dollar on Tuesday on account of month-end dollar demand from importers amid capital outflows. Further, dollar's firmness against other currencies overseas too weighed on the rupee. However, domestic stock markets were trading in the green which helped rupee cap some losses. On the global front, the dollar inched up against the yen and euro on Tuesday as some investors emerged out of the holiday lull to hunt for bargains as the market entered the last trading stretch of the year.
The partially convertible currency is currently trading at 67.88, weaker by 14 paise from its previous close of 67.74 on Monday. The currency touched a high and low of 67.8800 and 67.8200 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.83 and for Euro stood at 70.96 on December 26, 2016. While the RBI’s reference rate for the Yen stood at 57.96, the reference rate for the Great Britain Pound (GBP) stood at 83.31.The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| December 26, 2016 | 67.8331 | 83.3126 |
| December 23, 2016 | 67.9117 | 83.4839 |
