Indian rupee weakened against the US dollar on Thursday amid fresh buying of the American currency by importers and banks. Though, a higher opening of domestic equity market, capped the loss. On the global front, the dollar retained most of its overnight gains on Thursday but was off its peak for the week so far amid thin volumes, as signs of easing trade tensions and strong US economic data sent Wall Street stocks and Treasury yields higher.
The partially convertible currency is currently trading at 70.25, weaker by 19 paise from its previous close of 70.06 on Wednesday. The currency touched a high and low of 70.3125 and 70.1850 respectively. The reference rate for the dollar stood at 69.99 and for Euro stood at 79.81 on December 26, 2018. While the reference rate for the Yen stood at 63.36, the reference rate for the Great Britain Pound (GBP) stood at 88.95.
| Date | 1US$ | 1GBP |
| December 26, 2018 | 69.9906 | 88.9581 |
| December 24, 2018 | 70.1757 | 88.8710 |
(Reference Rate)
