Indian rupee weakened marginally against the US currency on Monday due to the dollar's overseas strength against some currencies and a sharply lower opening in the domestic equity market. Though, selling of the American currency by exporters and banks, capped some losses. On the global front, the euro slipped after German Chancellor Angela Merkel won a fourth term in a weekend election, but faced leading a much less stable coalition in a fractured parliament as support for the far-right party surged. While, the yen weakened - helped by renewed hope for Prime Minister Shinzo Abe's economic stimulus as he is expected to announce a snap election, to be held on October 22.
The partially convertible currency is currently trading at 64.8075, weaker by 2 paise from its previous close of 64.79 on Friday. The currency touched a high and low of 64.83 and 64.72 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 64.95 and for Euro stood at 77.75 on September 22, 2017. While the RBI's reference rate for the Yen stood at 57.99, the reference rate for the Great Britain Pound (GBP) stood at 88.30. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| September 22, 2017 | 64.9596 | 88.3061 |
| September 21, 2017 | 64.5256 | 87.1547 |
(RBI-Reference Rate)
