Snapping three-day winning streak, Indian rupee ended marginally lower against dollar on Thursday, due to fresh demand for the American currency from banks and importers. Sentiments remained dampened after Finance Minister Arun Jaitley expressed concern over the worrying signs of economic protectionism and has said the continued unpredictability in ties between major powers has brought new uncertainties to the fore. Besides, weak trade in the domestic equity market also kept pressure on the local currency. On the global front, dollar pushed higher against yen on Thursday after the Trump administration outlined its tax plan and traders awaited the European Central Bank's monetary policy decision later in the day.
Finally, the rupee ended at 64.15, 4 paise weaker from its previous close of 64.11 on Wednesday. The currency touched a high and low of 64.17 and 63.97 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.11 and for Euro stood at 69.89 on April 27, 2017. While the RBI’s reference rate for the Yen stood at 57.60, the reference rate for the Great Britain Pound (GBP) stood at 82.58. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
