Indian rupee weakened against the US dollar on Tuesday as still reeling from the unexpected outcome of RBI’s monetary policy meeting. Further, unabated foreign fund outflow too added pressure on domestic unit. On the global front, dollar slipped against yen on simmering anxiety about higher US bond yields, the Sino-US trade war and political turmoil in Europe.
The partially convertible currency is currently trading at 74.14, weaker by 8 paise from its previous close of 74.06 on Monday. The currency touched a high and low of 74.1450 and 73.8800 respectively. The reference rate for the dollar stood at 73.92 and for Euro stood at 85.06 on October 8, 2018. While the reference rate for the Yen stood at 64.96, the reference rate for the Great Britain Pound (GBP) stood at 96.85. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| October 08, 2018 | 73.9235 | 96.8575 |
| October 05, 2018 | 73.5809 | 95.8877 |
(Reference Rate)
