Indian rupee weakened against US dollar on Tuesday due to increased demand for the US currency from importers and the dollar’s gains against other currencies overseas. Further, currency traders also turned cautious ahead of release of key macro data, including IIP and inflation, later in the day. However, gains in domestic equity markets capped the rupee's losses. On the global front, the dollar held to large gains on Tuesday following a sharp rebound against the yen and euro, lifted by improving investor risk sentiment as worries over North Korea and Hurricane Irma receded.
The partially convertible currency is currently trading at 64.00, weaker by 7 paise from its previous close of 63.93 on Monday. The currency touched a high and low of 64.0275 and 63.9800 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.88 and for Euro stood at 76.73 on September 11, 2017. While the RBI’s reference rate for the Yen stood at 58.86, the reference rate for the Great Britain Pound (GBP) stood at 84.25. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| September 11, 2017 | 63.8859 | 84.2591 |
| September 08, 2017 | 63.8664 | 83.8757 |
(RBI-Reference Rate)
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