Indian rupee weakened against the US dollar on Tuesday on account of frenetic dollar demand from importers and banks. Further, losses in domestic equity markets and fresh foreign fund outflows too weighed on the rupee. On the global front, the dollar stood tall on Tuesday as a rout in global equities prompted anxious investors to cut exposure to riskier assets and seek shelter in the relative safety of the greenback.
The partially convertible currency is currently trading at 64.27, weaker by 21 paise from its previous close of 64.06 on Monday. The currency touched a high and low of 64.4050 and 64.2200 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 64.02 and for Euro stood at 79.72 on February 05, 2018. While the RBI's reference rate for the Yen stood at 58.22, the reference rate for the Great Britain Pound (GBP) stood at 90.40. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| February 05, 2018 | 64.0295 | 90.4033 |
| February 02, 2018 | 64.0781 | 91.3369 |
(RBI-Reference Rate)
