Indian rupee was trading weaker after a good start on Friday, earlier the rupee started strong against the dollar after the US currency saw higher selling by exporters and banks amid foreign fund inflows. While, investors remained on sidelines digesting Budget event & as Federal Reserve maintained status quo, awaiting RBI policy due next week & corporate earnings. On the global front, the beleaguered dollar rose to its session high against the yen after the Bank of Japan offered to buy Japanese government bonds in a surprise operation aimed at bringing down JGB yields, as investors awaited US jobs data later in the session.
The partially convertible currency is currently trading at 67.40, weaker by 3 paise from its previous close of 67.37 on Thursday. The currency touched a high and low of 67.4225 and 67.33 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.44 and for Euro stood at 72.79 on February 02, 2017. While the RBI’s reference rate for the Yen stood at 59.91, the reference rate for the Great Britain Pound (GBP) stood at 85.49. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| February 02, 2017 | 67.4480 | 85.4903 |
| February 01, 2017 | 67.6458 | 84.9496 |
