Indian rupee weakened against the US dollar on Tuesday, driven by a weak trend in domestic equities. Though, fresh selling of the American currency by exporters and banks limited the rupee's losses. On the global front, the dollar hovered near 2-week highs against its peers on Tuesday as a slowdown in China’s economy to 28-year lows fanned fresh worries over global growth and prompted investors to move into safe-haven currencies.
The partially convertible currency is currently trading at 71.32, weaker by 4 paise from its previous close of 71.28 on Monday. The currency touched a high and low of 71.3550 and 71.1800 respectively. The reference rate for the dollar stood at 71.37 and for Euro stood at 81.23 on January 21, 2019. While the reference rate for the Yen stood at 65.15, the reference rate for the Great Britain Pound (GBP) stood at 91.89.
| Date | 1US$ | 1GBP |
| January 21, 2019 | 71.3782 | 91.8913 |
| January 18, 2019 | 71.1418 | 92.2946 |
(Reference Rate)
