The Indian rupee extending its weakness has fallen further in early Monday morning and was at their fresh nine months low, the positive but flat start of the local equity markets too was unable to help the currency, as a broad rally in dollar overseas has led to weakness in nearly all currencies. Trading sentiment was slightly weighed down with the government data showing that fiscal deficit touched 89.6 per cent of the Budget Estimates for 2014-15, and also there was rising expectation of cut in interest rates on Tuesday is also weighing on sentiments.
The partially convertible currency is currently trading at 62.13, weaker by 10 paise from its previous close of 62.03 on Friday. The currency touched a high and low of 62.25 and 62.11 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 61.97 and for Euro stood 77.16 on November 27, 2014. While, the RBI’s reference rate for the Yen stood at 52.45, the reference rate for the Great Britain Pound (GBP) stood at 97.3667. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| November 28, 2014 | 61.97 | 97.3667 |
| November 27, 2014 | 61.86 | 97.6910 |
