Indian rupee ended marginally weaker against dollar on Friday due to fresh demand for the American currency by banks and importers. However, the gains in equity market, which despite a weak start managed a positive close, capped some losses of the domestic currency. Investors remained cautious with the Reserve Bank of India (RBI) governor Raghuram Rajan’s statement that the drop in public and private investments was the main concerns about the country's economic growth. On the global front, dollar was higher against the other major currencies on Friday, amid hopes for a rate hike by the Federal Reserve in December, which continued to lend broad support to the greenback.
Finally, the rupee ended at 66.20, 2 paise weaker from its previous close of 66.18 on Thursday. The currency touched a high and low of 66.27 and 66.07 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.09 and for Euro stood at 70.85 on November 20, 2015. While, the RBI’s reference rate for the Yen stood at 53.82 the reference rate for the Great Britain Pound (GBP) stood at 100.0379. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
