Indian rupee ended lower for a second straight day on Friday, on account of heavy capital outflows from the equity market despite dollar's weakness against other currencies overseas. Sentiment was under pressure after exporters’ body FIEO stated that the decline in outbound shipments has pulled down India’s GDP growth in the April-June quarter by over 3%. Further, traders were cautious ahead of the US jobs data due to be released later today that may dictate the timing of a rate hike by the US Fed. On the global front, dollar slid lower against the other major currencies, as sentiment on the greenback remained vulnerable ahead of the highly-anticipated U.S. nonfarm payrolls report due later in the day.
Finally, the rupee ended at 66.46, 22 paise weaker from its previous close of 66.24 on Thursday. The currency touched a high and low of 66.52 and 66.10 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.40 and for Euro stood at 73.89 on September 4, 2015. While, the RBI’s reference rate for the Yen stood at 55.57, the reference rate for the Great Britain Pound (GBP) stood at 101.1941. The reference rates are based on 12 noon rates of a few select banks in Mumbai
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