Indian rupee weakened against dollar in early deals on Wednesday due to weak trade in most Asian currencies. Further, the dollar’s strength against other currencies overseas too added pressure on rupee. However, fresh selling of the US currency by banks and exporters amid a higher opening of the domestic equity market, capped some losses. On the global front, the dollar hovered near a 17-month low against the yen on Wednesday after taking a fresh knock overnight on comments by Japan's prime minister which suggested that authorities were cautious towards arresting the yen's appreciation.
The partially convertible currency is currently trading at 66.60, weaker by 14 paise from its previous close of 66.46 on Tuesday. The currency touched a high and low of 66.6650 and 66.38 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.32 and for Euro stood at 75.52 on April 05, 2016. While the RBI’s reference rate for the Yen stood at 59.98, the reference rate for the Great Britain Pound (GBP) stood at 94.4200. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| April 05, 2016 | 66.3248 | 94.42 |
| April 04, 2016 | 66.2430 | 94.1578 |
(RBI-Reference Rate)
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