Indian rupee weakened against US dollar on Tuesday on account of buying of American currency by banks and importers. However, a strong opening of domestic equities capped the rupee's losses. On the global front, the dollar pulled away from a 13-month low against a basket of currencies on Tuesday, trying to shake off a recent selloff after upbeat US economic data as investors awaited this week's Federal Reserve meeting for clues on the timing of its next policy tightening.
The partially convertible currency is currently trading at 64.37, weaker by 3 paise from its previous close of 64.34 on Monday. The currency touched a high and low of 64.3950 and 64.3500 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.44 and for Euro stood at 75.12 on July 24, 2017. While the RBI’s reference rate for the Yen stood at 58.01, the reference rate for the Great Britain Pound (GBP) stood at 83.81. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| July 24, 2017 | 64.4494 | 83.8164 |
| July 21, 2017 | 64.3185 | 83.5369 |
