Indian rupee weakened against the US dollar on Monday on account of increased demand for the American currency from importers and banks. Further, dollar's gains against major world currencies overseas too weighed on the rupee sentiment. On the global front, the dollar regained some footing on Monday after slipping earlier on a US government shutdown, supported by higher Treasury yields, while investors took a relatively calm view of the Washington wrangling.
The partially convertible currency is currently trading at 63.92, weaker by 8 paise from its previous close of 63.84 on Friday. The currency touched a high and low of 64.0025 and 63.8400 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 63.71 and for Euro stood at 78.14 on January 19, 2018. While the RBI's reference rate for the Yen stood at 57.49, the reference rate for the Great Britain Pound (GBP) stood at 88.64. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| January 19, 2018 | 63.7183 | 88.6449 |
| January 18, 2018 | 63.8431 | 88.2822 |
(RBI-Reference Rate)
