Indian rupee weakened against dollar in early deals on Monday on sustained foreign fund outflows amid increased demand for the US currency from importers. Besides, early losses in domestic equities also weighed on the rupee. However, the dollar was weak against major world currencies which capped rupee losses. All eyes would be on Friday's non-farm payrolls in the US. The data could influence the US Fed's decision on interest rate, when it reviews its policy in December. The US Fed did not hike rates in the latest policy review but kept the doors open for a hike in December. On the global front, the US dollar edged down in Asian trading on Monday as investors' appetite for risk evaporated against a background of downbeat Chinese factory surveys.
The partially convertible currency is currently trading at 65.47, weaker by 21 paise from its previous close of 65.26 on Friday. The currency touched a high and low of 65.5150 and 65.36 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 65.22 and for Euro stood at 71.66 on October 30, 2015. While, the RBI’s reference rate for the Yen stood at 53.92 the reference rate for the Great Britain Pound (GBP) stood at 99.9348. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| October 30, 2015 | 65.2231 | 99.9348 |
| October 29, 2015 | 65.1515 | 99.3626 |
(RBI-Reference Rate)
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