Indian rupee weakened against the US dollar on Tuesday ahead of release of key Index of Industrial Production (IIP) and inflation data. Further, fresh demand for the US currency too weighed on domestic currency but a higher opening in domestic stocks limited the fall. On the global front, the dollar edged up to a three-week high against the yen on Tuesday, elevated by hopes that the closely-watched US-North Korea summit can pave the way towards a reduction in tensions between the two old foes.
The partially convertible currency is currently trading at 67.47, weaker by 4 paise from its previous close of 67.43 on Monday. The currency touched a high and low of 67.5200 and 67.4150 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.33 and for Euro stood at 79.52 on June 11, 2018. While the RBI’s reference rate for the Yen stood at 61.24, the reference rate for the Great Britain Pound (GBP) stood at 90.37. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| June 11, 2018 | 67.3353 | 90.3707 |
| June 08, 2018 | 67.5228 | 90.6021 |
(RBI-Reference Rate)
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