Indian rupee weakened against the US currency on Monday due to fresh dollar demand from importers. However, weakening of US dollar against other currencies overseas and a firm domestic equity market capped the rupee’s fall. On the global front, the dollar struggled near a 13-month low against a basket of major currencies on Monday as US political turmoil dampened hopes for quick passage of President Donald Trump's stimulus and tax reform agendas, while the euro extended gains.
The partially convertible currency is currently trading at 64.46, weaker by 15 paise from its previous close of 64.31 on Friday. The currency touched a high and low of 64.4600 and 64.4000 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.31 and for Euro stood at 74.87 on July 21, 2017. While the RBI’s reference rate for the Yen stood at 57.53, the reference rate for the Great Britain Pound (GBP) stood at 83.53. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| July 21, 2017 | 64.3185 | 83.5369 |
| July 20, 2017 | 64.4273 | 83.9166 |
