Rupee drops 16 paise to 67.65 against US dollar

The rupee dropped by 16 paise to close at 67.65/66 against the US dollar at the interbank foreign exchange market here today amid growing expectations of a rate hike by the US Federal Reserve.

The pound sterling finished lower at Rs 90.16/18 against 90.31 yesterday.

Following are the Interbank forex and RBI rates :

(In Rs per unit) Unit

Interbank

RBI Reference US Dollar

67.65/66

US Dollar Rs 67.6251 Pound Sterling

90.16/18

EURO

Rs 79.3919 Euro

79.50/52 Japanese yen (100)

61.