Indian rupee weakened against the US dollar on Tuesday amid fresh demand for the American currency. However, a spectacular opening in domestic equities following robust foreign fund inflows and dollar's weakness in global markets capped some losses. On the global front, the euro touched a one-week high on Tuesday ahead of the release of euro zone gross domestic product data, as the dollar struggled to gain traction in the wake of a surprisingly soft US manufacturing report.
The partially convertible currency is currently trading at 64.12, weaker by 6 paise from its previous close of 64.06 on Monday. The currency touched a high and low of 64.1550 and 64.03 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.11 and for Euro stood at 70.13 on May 15, 2017. While the RBI’s reference rate for the Yen stood at 56.48, the reference rate for the Great Britain Pound (GBP) stood at 82.83. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| May 15, 2017 | 64.1188 | 82.8351 |
| May 12, 2017 | 64.3043 | 82.8690 |
