Indian rupee weakened against the US dollar on Tuesday, pressured by a lower opening in the domestic stock market. Further, increased demand for the American currency from importers and banks amid persistent foreign fund outflows also weighed on the rupee. On the global front, the dollar fell against the yen and Swiss franc on Tuesday after US President Donald Trump’s threats of additional tariffs on China raised worries about an escalating trade war between the world’s two largest economies.
The partially convertible currency is currently trading at 68.13, weaker by 15 paise from its previous close of 67.98 on Monday. The currency touched a high and low of 68.1350 and 67.9800 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 68.02 and for Euro stood at 78.85 on June 18, 2018. While the RBI’s reference rate for the Yen stood at 61.55, the reference rate for the Great Britain Pound (GBP) stood at 90.24. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| June 18, 2018 | 68.0248 | 90.2485 |
| June 15, 2018 | 67.9739 | 89.9974 |
(RBI-Reference Rate)
