Indian rupee weakened against dollar in early deals on Thursday due to fresh demand for the American currency from importers. Besides, a weak opening in the domestic equity market also put pressure on the rupee. However, weakness in the US dollar against major world currencies in the global market limited the rupee fall. On the global front, the dollar edged down on Thursday on caution ahead of this week's US employment figures, pulling away from a three-month high against a basket of major currencies touched after Federal Reserve officials said a December ‘lift-off’ in US rates is possible.
The partially convertible currency is currently trading at 65.68, weaker by 19 paise from its previous close of 65.49 on Wednesday. The currency touched a high and low of 65.6950 and 65.60 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 65.56 and for Euro stood at 71.79 on November 04, 2015. While, the RBI’s reference rate for the Yen stood at 54.17 the reference rate for the Great Britain Pound (GBP) stood at 101.1255. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| November 04, 2015 | 65.5680 | 101.1255 |
| November 03, 2015 | 65.4510 | 100.9647 |
(RBI-Reference Rate)
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