Indian rupee weakened against the US dollar on Thursday due to appreciation of the US currency overseas. Further, increased demand for the dollar from importers also put pressure on the rupee. However, a higher opening of the domestic equity market capped the fall. On the global front, the dollar caught its breath in Asian trading on Thursday, holding above lows hit earlier this week as investors awaited this weekend's first round of voting in France's presidential election.
The partially convertible currency is currently trading at 64.64, weaker by 7 paise from its previous close of 64.57 on Wednesday. The currency touched a high and low of 64.72 and 64.6275 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.54 and for Euro stood at 69.19 on April 19, 2017. While the RBI’s reference rate for the Yen stood at 59.39, the reference rate for the Great Britain Pound (GBP) stood at 82.74. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| April 19, 2017 | 64.5443 | 82.7458 |
| April 18, 2017 | 64.5657 | 81.1785 |
