Indian rupee depreciated against US dollar in early trade on Friday due to sustained foreign fund outflows amid appreciation in the American currency overseas. Besides, fresh demand for the US currency from importers and banks and a lower opening of the domestic equity market too weighed on domestic currency. Rupee weakened further tracking its Asian peers, as optimism ahead of monthly US jobs data lifted the greenback. Traders were anxiously awaiting Friday’s US jobs data for April.
The partially convertible currency is currently trading at 66.59, weaker by 4 paise from its previous close of 66.55 on Thursday. The currency touched a high and low of 66.62 and 66.5525 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.51 and for Euro stood at 76.38 on May 05, 2016. While the RBI’s reference rate for the Yen stood at 62.15, the reference rate for the Great Britain Pound (GBP) stood at 96.5865. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| May 05, 2016 | 66.5105 | 96.5865 |
| May 04, 2016 | 66.5388 | 96.8273 |
(RBI-Reference Rate)
