Indian rupee weakened against the US dollar on Tuesday on account of buying of American currency by banks and importers amid sustained foreign fund outflows. Dollar’s gains against some other currencies overseas also was putting pressure on the rupee. On the global front, the dollar edged up against its peers on Tuesday, supported by a rise in Treasury yields following a report that US President Donald Trump was favoring a policy hawk as the next head of the Federal Reserve.
The partially convertible currency is currently trading at 64.91, weaker by 19 paise from its previous close of 64.72 on Monday. The currency touched a high and low of 64.9350 and 64.8100 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 64.76 and for Euro stood at 76.39 on October 16, 2017. While the RBI's reference rate for the Yen stood at 57.93, the reference rate for the Great Britain Pound (GBP) stood at 86.00. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| October 16, 2017 | 64.7603 | 86.0082 |
| October 13, 2017 | 64.9301 | 86.3051 |
