Indian rupee weakened against US dollar on Monday on account of buying of American currency by banks and importers. Besides, the American currency’s strength against other currencies overseas weighed on the domestic unit. Meanwhile, benchmark indices turned positive after falling over 2% in the opening trade on Monday as final voting trends showed a close fight between the Bharatiya Janata Party (BJP) and the Congress in both Gujarat and Himachal Pradesh. On the global front, the dollar held modest gains against its peers on Monday, having received a lift after US tax reform efforts moved another step closer to ratification over the weekend.
The partially convertible currency is currently trading at 64.14, weaker by 10 paise from its previous close of 64.04 on Friday. The currency touched a high and low of 64.7200 and 64.1000 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 64.09 and for Euro stood at 75.52 on December 15, 2017. While the RBI's reference rate for the Yen stood at 57.13, the reference rate for the Great Britain Pound (GBP) stood at 86.13. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| December 15, 2017 | 64.0958 | 86.1319 |
| December 14, 2017 | 64.2798 | 86.3535 |
(RBI-Reference Rate)
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