Indian rupee weakened against dollar in early deals on Thursday due to fresh demand for the American currency from importers. Further, gains in the dollar against major global currencies, bolstered by Federal Reserve Chair Janet Yellen’s signal that the US economy looks strong enough for an interest rate hike this month and a lower opening in the domestic equity markets, too weighed on the rupee. On the global front, the euro hovered near a 7-1/2-month low against the dollar as investors braced for the European Central Bank to roll out more stimulus, giving an extra boost to the US currency after it scaled new heights on the prospect of a Federal Reserve rate hike.
The partially convertible currency is currently trading at 66.73, weaker by 14 paise from its previous close of 66.59 on Wednesday. The currency touched a high and low of 66.7650 and 66.69 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.61 and for Euro stood at 70.66 on December 02, 2015. While, the RBI’s reference rate for the Yen stood at 54.12 the reference rate for the Great Britain Pound (GBP) stood at 100.3434. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| December 02, 2015 | 66.6158 | 100.3434 |
| December 01, 2015 | 66.5180 | 100.4355 |
(RBI-Reference Rate)
