Indian rupee weakened marginally against the US dollar on Wednesday on account of increased demand for the American currency from importers and banks. Further, dollar’s gains against some currencies overseas too put pressure on the rupee. Forex market remained shut yesterday on account of ’Ramnavami’. On the global front, the dollar lost its grip on earlier gains against the yen on Wednesday, remaining under pressure after North Korea fired a ballistic missile into the sea ahead of a summit between US and Chinese leaders.
The partially convertible currency is currently trading at 65.04, weaker by 2 paise from its previous close of 65.02 on Monday. The currency touched a high and low of 65.1725 and 65.0375 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.91 and for Euro stood at 69.27 on April 03, 2017. While the RBI’s reference rate for the Yen stood at 58.23, the reference rate for the Great Britain Pound (GBP) stood at 81.43. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| April 03, 2017 | 64.9103 | 81.4300 |
| March 31, 2017 | 64.8386 | 80.8797 |
