Indian rupee weakened against the US dollar on Friday on account of month-end dollar demand from importers and banks. Besides, losses in domestic equity markets also weighed on the rupee. The domestic currency fell further by tracking losses in the global equity and currencies markets. Meanwhile, the dollar weakened globally after the US Federal Reserve indicated that it would maintain a slow pace of monetary tightening.
The partially convertible currency is currently trading at 64.16, weaker by 5 paise from its previous close of 64.11 on Thursday. The currency touched a high and low of 64.2450 and 64.1575 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.12 and for Euro stood at 75.20 on July 27, 2017. While the RBI’s reference rate for the Yen stood at 57.74, the reference rate for the Great Britain Pound (GBP) stood at 84.21. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| July 27, 2017 | 64.1216 | 84.2109 |
| July 26, 2017 | 64.4208 | 83.8308 |
