Indian rupee weakened against the US dollar on Tuesday, after US President Donald Trump suggested a tariff hike on Chinese goods. Further, fresh demand for the American currency from importers amid marginal rise in crude prices too weighed on the domestic unit. However, fresh foreign inflows restricted the decline in the local unit. On the global front, the dollar held steady on Tuesday as fresh concerns about the Sino-US trade war lent support to safe haven currencies, although moves were tempered as investors await possible cues from the Federal Reserve about policy direction.
The partially convertible currency is currently trading at 70.90, weaker by 3 paise from its previous close of 70.87 on Monday. The currency touched a high and low of 71.0225 and 70.8450 respectively. The reference rate for the dollar stood at 70.71 and for Euro stood at 80.26 on November 26, 2018. While the reference rate for the Yen stood at 62.47, the reference rate for the Great Britain Pound (GBP) stood at 90.64. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| November 26, 2018 | 70.7144 | 90.6478 |
| November 22, 2018 | 71.1787 | 91.0423 |
(Reference Rate)
