Indian rupee ended weaker on Friday on demand for dollar from banks and importers, the domestic currency was also weighed down by appreciation of US greenback against a basket of major currencies overseas. The rupee remained range bound and the choppiness in the local equity markets too kept it in check. On the global front, dollar rose as traders focused on key US jobs data later in the day, with an upbeat report likely to boost hopes for a September interest rate hike.
Finally, the rupee ended at 63.81, 5 paise weaker from its previous close of 63.76 on Thursday. The currency touched a high and low of 63.84 and 63.75 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.80 and for Euro stood at 69.65 on August 07, 2015. While, the RBI’s reference rate for the Yen stood at 51.13, the reference rate for the Great Britain Pound (GBP) stood at 98.9250. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
