Indian rupee weakened against dollar in early deals on Thursday on account of strong month-end demand for the US currency from importers. Besides, dollar's strength against other currencies overseas after the US Federal Reserve's commentary heightened expectations of a rate hike at the December policy review too weighed on rupee sentiment. Furthermore, lower opening in the domestic equity market and gains in international oil prices also put pressure on the domestic unit. On the global front, the dollar held near 2-1/2-month highs against a basket of currencies on Thursday after the US Federal Reserve signaled it may raise interest rates in December, when the European Central Bank is widely expected to add to its stimulus.
The partially convertible currency is currently trading at 65.14, weaker by 22 paise from its previous close of 64.92 on Wednesday. The currency touched a high and low of 65.2050 and 65.12 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 65.04 and for Euro stood at 71.75 on October 28, 2015. While, the RBI’s reference rate for the Yen stood at 54.01 the reference rate for the Great Britain Pound (GBP) stood at 99.5840. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| October 28, 2015 | 65.0408 | 99.5840 |
| October 27, 2015 | 64.9553 | 99.7324 |
(RBI-Reference Rate)
