Indian rupee weakened against the US dollar on Friday on account of selling of the greenback by banks and importers. Moreover, traders are cautious ahead of key macro economic data due later on Friday and next week. Though, some losses were capped due to the higher opening of the domestic equity market. On the global front, the dollar rose broadly as US bond yields rose, while the euro sank after the European Central Bank's decision to extend its debt-buying program even as it cut the size of its purchases disappointed currency bulls.
The partially convertible currency is currently trading at 67.6275 , weaker by 28 paise from its previous close of 67.35 on Thursday. The currency touched a high and low of 67.6350 and 67.5100 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.43 and for Euro stood at 72.61 on December 8, 2016. While the RBI’s reference rate for the Yen stood at 59.44, the reference rate for the Great Britain Pound (GBP) stood at 85.24.The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| December 08, 2016 | 67.4325 | 85.2414 |
| December 07, 2016 | 67.8707 | 85.8632 |
