Indian rupee weakened against the US dollar on Thursday due to strong demand for the American currency from importers. Further, dollar’s gains against the euro and other currencies overseas pulled the rupee down, but a strong domestic equity market capped some losses. On the global front, the euro stood near a three-month low ahead of a European Central Bank meeting later on today, while the Mexican peso rose to a six-week high after the conclusion of the final US presidential debate before the November election.
The partially convertible currency is currently trading at 66.75, weaker by 8 paise from its previous close of 66.67 on Wednesday. The currency touched a high and low of 66.7550 and 66.6825 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.71 and for Euro stood at 73.21 on October 19, 2016. While the RBI’s reference rate for the Yen stood at 64.40, the reference rate for the Great Britain Pound (GBP) stood at 81.78.The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| October 19, 2016 | 66.7145 | 81.7853 |
| October 18, 2016 | 66.7268 | 81.7136 |
