Indian rupee weakened against the US dollar on Tuesday, driven by increased demand for the American currency from importers as surging global crude oil prices that hit four-year high. Further, the dollar's strength against some currencies overseas ahead of US Federal Reserve's meet, too weighed on the domestic currency. On the global front, the dollar carved out small gains against the euro and yen on Tuesday as investors looked to policy clues from the US Federal Reserve, which is widely expected to hike rates this week, and as the Sino-US trade dispute kept markets cautious.
The partially convertible currency is currently trading at 72.81, weaker by 18 paise from its previous close of 72.63 on Monday. The currency touched a high and low of 72.9675 and 72.7325 respectively. The reference rate for the dollar stood at 72.69 and for Euro stood at 85.25 on September 24, 2018. While the reference rate for the Yen stood at 64.61, the reference rate for the Great Britain Pound (GBP) stood at 94.99. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| September 24, 2018 | 72.6927 | 94.9953 |
| September 21, 2018 | 71.8489 | 95.1500 |
(Reference Rate)
