Indian rupee weakened against the US dollar on Monday on account of the dollar's strength against some currencies overseas, on fears about a global trade war and the European Central Bank signaling it would not raise interest rates until latter half of 2019. However, increased selling of the US currency by exporters and banks, capped some losses.
The partially convertible currency is currently trading at 68.59, weaker by 12 paise from its previous close of 68.47 on Friday. The currency touched a high and low of 68.5900 and 68.3300 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 68.57 and for Euro stood at 79.84 on June 29, 2018. While the RBI’s reference rate for the Yen stood at 62.02, the reference rate for the Great Britain Pound (GBP) stood at 89.92. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| June 29, 2018 | 68.5753 | 89.9296 |
| June 28, 2018 | 68.9389 | 90.2134 |
(RBI-Reference Rate)
