Indian rupee weakened against the US dollar on Tuesday amid foreign capital outflows and ahead of key macroeconomic data set for release later in the day. Further, increased demand for the American currency from importers too weighed on the rupee. On the global front, the dollar held firm near two-week highs versus a basket of major currencies on Tuesday, with traders waiting the US Federal Reserve’s policy meeting this week for fresh catalysts.
The partially convertible currency is currently trading at 64.50, weaker by 14 paise from its previous close of 64.36 on Monday. The currency touched a high and low of 64.5275 and 64.4200 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 64.36 and for Euro stood at 75.80 on December 11, 2017. While the RBI's reference rate for the Yen stood at 56.68, the reference rate for the Great Britain Pound (GBP) stood at 86.32. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| December 11, 2017 | 64.3616 | 86.3282 |
| December 08, 2017 | 64.4649 | 87.0405 |
(RBI-Reference Rate)
