Indian rupee, after making a weak start, lost some more ground and was trading weaker against dollar on Friday on incremental month-end dollar demand from importers, though splendid gains of local equities limited further appreciation of Indian currency. Additionally, caution ahead of Q2GDP data, which is to be released later in the day and also estimated to have grown at 5% or even lower in the second quarter of 2014-15, sharply lower than the 5.7% witnessed in the first quarter also weighed on the sentiment of Indian currency. On the global front, U.S. dollar held firm early Friday after rising against commodity currencies such as the Canadian dollar and Norwegian crown on OPEC's decision not to reduce output.
The partially convertible currency is currently trading at 61.98, weaker by 11 paise from its previous close of 61.87 on Thursday. The currency touched a high and low of 62.00 and 61.87 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 61.86 and for Euro stood 77.37 on November 27, 2014. While, the RBI’s reference rate for the Yen stood at 52.71, the reference rate for the Great Britain Pound (GBP) stood at 97.6910. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| November 27, 2014 | 61.86 | 97.6910 |
| November 26, 2014 | 61.86 | 97.2283 |
(RBI-Reference Rate)
