Indian rupee weakened marginally against dollar in early deals on Friday on appreciation of the American currency against others overseas. Besides, sustained demand for the dollar from importers and banks and devaluation of the Chinese yuan early this week continued to weigh. However, a higher opening in the domestic equity market capped the rupee’s fall. On the global front, the dollar ticked up slightly on Friday after China's central bank appeared to have stopped guiding the yuan lower for now, easing concerns that a weaker Chinese currency could derail plans by the US Federal Reserve to raise interest rates.
The partially convertible currency is currently trading at 65.11, little changed from its previous close of 65.10 on Thursday. The currency touched a high and low of 65.34 and 65.05 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.92 and for Euro stood at 72.25 on August 13, 2015. While, the RBI’s reference rate for the Yen stood at 52.16, the reference rate for the Great Britain Pound (GBP) stood at 101.4394. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| August 13, 2015 | 64.9212 | 101.4394 |
| August 12, 2015 | 64.8270 | 101.0005 |
(RBI-Reference Rate)
