Indian rupee weakened against US dollar on Thursday on account of buying of the American currency by banks and importers and the dollar's strength against other currencies overseas. But continuous foreign capital inflows and a firm domestic stock market capped the rupee's further slide. On the global front, the euro held near a 14-month high against the dollar on Thursday as investors look to hints from the European Central Bank on tapering of its stimulus, while the yen barely budged after the Bank of Japan kept monetary policy on hold.
The partially convertible currency is currently trading at 64.38, weaker by 10 paise from its previous close of 64.28 on Wednesday. The currency touched a high and low of 64.4300 and 64.3250 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.32 and for Euro stood at 74.22 on July 19, 2017. While the RBI’s reference rate for the Yen stood at 57.43, the reference rate for the Great Britain Pound (GBP) stood at 83.85. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| July 19, 2017 | 64.3211 | 83.8554 |
| July 18, 2017 | 64.3301 | 84.2917 |
(RBI-Reference Rate)
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