Indian rupee weakened against US dollar on Monday on account of fresh demand for the American currency from importers. Further, dollar strengthened against some other currencies overseas after the Federal Bureau of Investigation cleared Hillary Clinton of potential criminal charges in its private email server probe, easing worries over her US presidential bid, weighed on the rupee. However, a higher opening in the domestic equities, capped some losses.
The partially convertible currency is currently trading at 66.73, weaker by 3 paise from its previous close of 66.70 on Friday. The currency touched a high and low of 66.75 and 66.6775 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.72 and for Euro stood at 74.05 on November 04, 2016. While the RBI’s reference rate for the Yen stood at 64.62, the reference rate for the Great Britain Pound (GBP) stood at 83.13.The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| November 04, 2016 | 66.7219 | 83.1355 |
| November 03, 2016 | 66.6942 | 82.2473 |
(RBI-Reference Rate)
