MUMBAI, June 24 - Britain’s decision to opt out of the European Union (Brexit) exerted pressure on the rupee, even as a likely intervention by the country’s central bank tried to arrest the steep fall on Friday.
The Indian rupee weakened by 71 paise to 67.96-97 against a US dollar from its previous close of 67.25-26 to a greenback. It took a major beating during the intra-day trade.
The Indian currency dived over 1.4 per cent to an intra-day low of 68.22 to a US dollar. Just around that time, the pound sterling dropped 11 per cent to its lowest level in more than three decades to $1.3224. It could not recoup much.
The pound sterling also weakened against the Indian rupee, it was down Rs 93.08 to a pound from its previous close of Rs 100.
The Reserve Bank of India’s (RBI) reference rate for the US dollar was pegged at Rs 68.01, euro at Rs 75.10, British pound at Rs 92.95 and 100 yen at Rs 66.45. – IANS