Indian rupee was trading flat against US dollar on Tuesday on some dollar buying by importers and banks. Meanwhile, the stock markets after opening strong lost some of the gains later. On the global front, the dollar languished near a three-month low versus a basket of major currencies on Tuesday as markets reopened at the start of 2018, while Asian currencies such as the Chinese yuan began the year on a high note.
The partially convertible currency is currently trading flat at its previous close of 63.67 on Monday. The currency touched a high and low of 63.7775 and 63.6200 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 63.66 and for Euro stood at 76.41 on January 01, 2018. While the RBI's reference rate for the Yen stood at 56.51, the reference rate for the Great Britain Pound (GBP) stood at 85.89. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| January 01, 2018 | 63.6697 | 85.8968 |
| December 29, 2017 | 63.9273 | 86.0653 |
(RBI-Reference Rate)
