Indian rupee weakened marginally against the US dollar on Tuesday as the dollar strengthened against major global currencies today, having pulled up from its lowest level in more than a week as hopes for easing global trade tensions pushed US bond yields higher. Further, heavy buying of American currency by banks and importers amid fund outflows from equities also weighed on the domestic unit.
The partially convertible currency is currently trading at 67.53, weaker by 2 paise from its previous close of 67.51 on Monday. The currency touched a high and low of 67.7950 and 67.4525 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67. 31and for Euro stood at 80.50 on May 14, 2018. While the RBI’s reference rate for the Yen stood at 61.54, the reference rate for the Great Britain Pound (GBP) stood at 91.24. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| May 14, 2018 | 67.3153 | 91.2459 |
| May 11, 2018 | 67.2203 | 90.8751 |
(RBI-Reference Rate)
