Indian rupee weakened against the US dollar on Tuesday as investors awaited the latest batch of GDP figures for clues as to the economic impact of demonetization on the domestic economy. Besides, month-end demand for the dollar from importers and gains against other currencies overseas too put pressure on the rupee. However, a higher opening of the domestic equity market capped the rupee's losses. On the global front, the dollar drifted on Tuesday, with its earlier advance halted by investors taking a wait-and-see approach ahead of US President Donald Trump's closely-watched Congressional address later in the day.
The partially convertible currency is currently trading at 66.73, weaker by 3 paise from its previous close of 66.70 on Monday. The currency touched a high and low of 66.81 and 66.7150 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.72 and for Euro stood at 70.51 on February 27, 2017. While the RBI’s reference rate for the Yen stood at 59.51, the reference rate for the Great Britain Pound (GBP) stood at 82.89. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| February 27, 2017 | 66.7249 | 82.8923 |
| February 23, 2017 | 66.8351 | 83.1228 |
