Indian rupee weakened against dollar in early deals on Friday on sustained demand for the American currency from importers and banks. However, a higher opening of the domestic equity market capped some losses. On the global front, the dollar fell on Friday headed for steep weekly losses, as investors braced for another day of cratering sentiment and waited to see whether Japan would act to stem its currency's rise.
The partially convertible currency is currently trading at 68.46, weaker by 16 paise from its previous close of 68.30 on Thursday. The currency touched a high and low of 68.47 and 68.28 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 68.01 and for Euro stood at 76.84 on February 11, 2016. While the RBI’s reference rate for the Yen stood at 60.54, the reference rate for the Great Britain Pound (GBP) stood at 98.8061. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| February 11, 2016 | 68.0155 | 98.8061 |
| February 10, 2016 | 67.8781 | 98.2943 |
(RBI-Reference Rate)
