Indian rupee weakened marginally against the US currency on Tuesday, on account of dollar demand from importers and banks. However, weakness in the US dollar against some currencies in the global market and a higher opening of the domestic equity market, limited the fall. On the global front, the dollar held steady at near 8-week highs versus the yen on Tuesday, with investors awaiting the Federal Reserve’s policy statement this week for fresh hints on the possible pace and timing of further US monetary tightening.
The partially convertible currency is currently trading at 64.17, weaker by 4 paise from its previous close of 64.13 on Monday. The currency touched a high and low of 64.1800 and 64.1300 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 64.03 and for Euro stood at 76.49 on September 18, 2017. While the RBI's reference rate for the Yen stood at 57.57, the reference rate for the Great Britain Pound (GBP) stood at 87.08. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| September 18, 2017 | 64.0371 | 87.0841 |
| September 15, 2017 | 64.0774 | 86.1200 |
