Indian rupee weakened against the US dollar on Thursday despite the persistent selling of the American currency by exporters and banks amidst higher opening in the domestic equity market. On the global front, the dollar slipped following a deal by oil producers to curb output. OPEC agreed on Wednesday for modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices.
The partially convertible currency is currently trading at 66.5475, weaker by 0.07 paise from its previous close of 66.47 on Wednesday. The currency touched a high and low of 66.5550 and 66.4275 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.45 and for Euro stood at 74.46 on September 28, 2016. While the RBI’s reference rate for the Yen stood at 66.09, the reference rate for the Great Britain Pound (GBP) stood at 86.48.The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| September 28, 2016 | 66.4482 | 86.4823 |
| September 27, 2016 | 66.4627 | 86.3417 |
