Indian rupee weakened against the US dollar on Tuesday in a thinly traded market, as many dealers were on leave for the year end. Meanwhile, domestic equity market opened higher after a long weekend, the market remained closed on Monday on account of Christmas. On the global front, the dollar was steady in holiday-thinned trading on Tuesday, shrugging off upbeat Japanese economic data as most market participants have already closed their books for the year.
The partially convertible currency is currently trading at 64.06, weaker by 2 paise from its previous close of 64.04 on Friday. The currency touched a high and low of 64.0675 and 64.0200 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 64.04 and for Euro stood at 75.88 on December 22, 2017. While the RBI's reference rate for the Yen stood at 56.51, the reference rate for the Great Britain Pound (GBP) stood at 85.67. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| December 22, 2017 | 64.0409 | 85.6739 |
| December 21, 2017 | 64.0883 | 85.6284 |
(RBI-Reference Rate)
