Indian rupee weakened against US dollar on Monday after renewed demand for the US currency from importers. Further, a subdued opening of domestic stock markets too weighed on rupee sentiment. On the global front, the euro hit a two-month low against the yen on Monday, as German Chancellor Angela Merkel’s efforts to form a three-way coalition government failed, stoking political uncertainty in the euro zone’s largest economy.
The partially convertible currency is currently trading at 65.10, weaker by 9 paise from its previous close of 65.01 on Friday. The currency touched a high and low of 65.1250 and 65.0000 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 64.84 and for Euro stood at 76.55 on November 17, 2017. While the RBI's reference rate for the Yen stood at 57.59, the reference rate for the Great Britain Pound (GBP) stood at 85.78. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| November 17, 2017 | 64.8462 | 85.7850 |
| November 16, 2017 | 65.2969 | 86.0483 |
(RBI-Reference Rate)
