The Indian rupee weakened marginally against the US dollar on Monday on account of fresh demand for the American currency from importers. The sentiments were under pressure with industrial production contracting to four-month low of 0.4 per cent in December, due to a sharp decline in production of consumer goods. However, a higher opening in the domestic equity market capped the losses. Meanwhile, traders remained on sidelines ahead of Consumer Price Index (CPI) to be released later today. On the global front, the dollar rose against yen on Monday, on relief that US President Donald Trump set aside tough campaign rhetoric over security and jobs in a smooth meeting with Japanese Prime Minister Shinzo Abe, with no mention of currency policy.
The partially convertible currency is currently trading at 66.97, weaker by 9 paise from its previous close of 66.88 on Thursday. The currency touched a high and low of 66.03 and 66.93 respectively. The currency touched a high and low of 66.99 and 66.75 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.93 and for Euro stood at 71.33 on February 10, 2017. While the RBI’s reference rate for the Yen stood at 58.89, the reference rate for the Great Britain Pound (GBP) stood at 83.77.The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| February 10, 2017 | 66.9367 | 83.7713 |
| February 09, 2017 | 67.0123 | 83.8190 |
(RBI-Reference Rate)
