Indian rupee weakened against the US dollar on Monday, amid geopolitical tensions over Syria and trade war concerns. Besides, dip in India’s exports in March and weak trade in domestic equities also weighed on rupee. Though, weakness in the US dollar against some major global currencies capped some losses in rupee. On the global front, the dollar dipped as markets weighed the impact of strikes on Syria by the United States and its allies at the weekend, although losses were limited as the military action did not result in broad risk aversion.
The partially convertible currency is currently trading at 65.40, weaker by 19 paise from its previous close of 65.21 on Friday. The currency touched a high and low of 65.4225 and 65.3300 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 65.22 and for Euro stood at 80.34 on April 13, 2018. While the RBI’s reference rate for the Yen stood at 60.64, the reference rate for the Great Britain Pound (GBP) stood at 92.77. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| April 13, 2018 | 65.2226 | 92.7726 |
| April 12, 2018 | 65.3496 | 92.7049 |
(RBI-Reference Rate)
