Indian rupee was trading marginally weaker after a positive start on Wednesday, earlier the rupee strengthened on sustained selling of the American currency by banks and exporters. Dollar's weakness against other currencies overseas and a firm domestic equity market too added support to the rupee. On the global front, the dollar edged down to its session low against the yen on Wednesday, following US President Donald Trump's remarks about a government shutdown. At a rally with his supporters in Phoenix, Trump referred to his vow to build a wall at the US-Mexican border and said, ‘If we have to close down the government, we are building that wall’.
The partially convertible currency is currently trading at 64.13, weaker by 3 paise from its previous close of 64.10 on Tuesday. The currency touched a high and low of 64.1325 and 64.0500 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.10 and for Euro stood at 75.64 on August 22, 2017. While the RBI’s reference rate for the Yen stood at 58.69, the reference rate for the Great Britain Pound (GBP) stood at 82.59. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| August 22, 2017 | 64.1099 | 82.5992 |
| August 21, 2017 | 64.0285 | 82.3983 |
(RBI-Reference Rate)
