Indian rupee weakened against the US dollar on Monday on account of dollar demand from banks and importers. Further, a weak equity market also put pressure on the rupee, but weakening of dollar overseas against other currencies capped the losses. On the global front, the dollar fell to a two-week low against the yen on Monday as a latest flare-up in global trade concerns dented investor risk appetites and drove down US yields.
The partially convertible currency is currently trading at 68.10, weaker by 28 paise from its previous close of 67.82 on Friday. The currency touched a high and low of 68.1300 and 68.0500 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.76 and for Euro stood at 78.85 on June 22, 2018. While the RBI’s reference rate for the Yen stood at 61.61, the reference rate for the Great Britain Pound (GBP) stood at 89.95. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| June 22, 2018 | 67.7695 | 89.9572 |
| June 21, 2018 | 68.1950 | 89.5810 |
(RBI-Reference Rate)
