Indian rupee weakened against the US dollar after a good start on Wednesday. A lower opening in the domestic equity markets weighed on the domestic currency, but dollar’s weakness against other currencies overseas capped the losses. On the global front, the dollar stalled on Wednesday as global trade tensions remained elevated, with US President Donald Trump discussing joining forces with Germany to counter China’s economic practices.
The partially convertible currency is currently trading at 64.99, weaker by 3 paise from its previous close of 64.96 on Tuesday. The currency touched a high and low of 65.0275 and 64.8800 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.79 and for Euro stood at 80.76 on March 27, 2018. While the RBI’s reference rate for the Yen stood at 61.36, the reference rate for the Great Britain Pound (GBP) stood at 92.25. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| March 27, 2018 | 64.7973 | 92.2584 |
| March 26, 2018 | 64.9055 | 91.8672 |
(RBI-Reference Rate)
