Indian rupee weakened against dollar in early deals on Wednesday due to month-end demand for the US currency from importers. Besides, the dollar’s gains against other currencies overseas and a lower opening in the domestic equity market too added pressure on the rupee. Rupee weakened further ahead of a policy decisions from the US Federal Reserve due later in the day. On the global front, the dollar hovered just below its 2-1/2-month high against a basket of currencies on Wednesday as traders looked for more signs from the Federal Reserve that US interest rates are on course to rise.
The partially convertible currency is currently trading at 65.07, weaker by 11 paise from its previous close of 64.96 on Tuesday. The currency touched a high and low of 65.0950 and 65.06 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.95 and for Euro stood at 71.84 on October 27, 2015. While, the RBI’s reference rate for the Yen stood at 53.83 the reference rate for the Great Britain Pound (GBP) stood at 99.7324. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| October 27, 2015 | 64.9553 | 99.7324 |
| October 26, 2015 | 64.9603 | 99.5452 |
(RBI-Reference Rate)
