Indian rupee weakened against the US dollar on Monday on account of increased month-end demand for the American currency from importers and banks. Further, the US dollar's gain against other currencies overseas and a lower opening of the domestic equity market too put pressure on the rupee. On the global front, the dollar edged higher against a basket of currencies on Monday, moving away from last week's 6-1/2-month lows and shrugging off news of North Korea's latest missile test as investor attention turned to the Federal Reserve's expected interest rate hike next month.
The partially convertible currency is currently trading at 64.58, weaker by 14 paise from its previous close of 64.44 on Friday. The currency touched a high and low of 64.5850 and 64.5000 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.59 and for Euro stood at 72.33 on May 26, 2017. While the RBI’s reference rate for the Yen stood at 57.95, the reference rate for the Great Britain Pound (GBP) stood at 83.18. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| May 26, 2017 | 64.5945 | 83.1848 |
| May 25, 2017 | 64.5088 | 83.7711 |
