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Rupee weakens on dollar's strength overseas

01 Oct 2015 Evaluate

Indian rupee weakened against dollar in early deals on Thursday due to dollar's strength against other currencies overseas. But, sustained selling of the American currency by exporters and banks amid increased foreign fund inflows and gains in domestic equity markets capped some losses. On the global front, the dollar firmed slightly on Thursday on relief a set of China manufacturing surveys were just a smidgen better than some had expected, but gains were limited as caution prevailed ahead of key US jobs data on Friday.

The partially convertible currency is currently trading at 65.62, weaker by 4 paise from its previous close of 65.58 on Wednesday. The currency touched a high and low of 65.63 and 65.49 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 65.74 and for Euro stood at 73.79 on September 30, 2015. While, the RBI’s reference rate for the Yen stood at 54.80, the reference rate for the Great Britain Pound (GBP) stood at 99.5331. The reference rates are based on 12 noon rates of a few select banks in Mumbai.   

Date1US$1GBP
September 30, 201565.741899.5331
September 29, 201566.1843100.4611

(RBI-Reference Rate)