Indian rupee weakened against US dollar on Wednesday on account of buying in American currency by banks and importers. Rupee fell further on the dollar’s firmness against a few global currencies, but the strength in domestic equities capped some losses. On the global front, the dollar eased against a basket of currencies on Wednesday, while commodity-linked currencies such as the Canadian dollar were underpinned by this week’s rally in oil prices.
The partially convertible currency is currently trading at 64.14, weaker by 6 paise from its previous close of 64.08 on Tuesday. The currency touched a high and low of 64.1800 and 64.0700 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 64.05 and for Euro stood at 76.02 on December 26, 2017. While the RBI's reference rate for the Yen stood at 56.53, 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 26, 2017 | 64.0538 | 85.6720 |
| December 22, 2017 | 64.0409 | 85.6739 |
(RBI-Reference Rate)
