Indian rupee weakened against the US dollar on Thursday on account of increased demand for the American currency from importers and banks amid foreign fund outflows. Besides, the dollar recovering from eight-week lows against some currencies overseas too weighed on the rupee. Meanwhile, domestic equity markets extended its losses following mixed global cues. On the global front, the Swiss franc eased versus the dollar, but still held on to the bulk of hefty gains made the previous day as heightened tensions between the United States and North Korea sent investors looking for havens.
The partially convertible currency is currently trading at 64.00, weaker by 17 paise from its previous close of 63.83 on Wednesday. The currency touched a high and low of 64.1000 and 63.9350 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.74 and for Euro stood at 74.86 on August 09, 2017. While the RBI’s reference rate for the Yen stood at 57.94, the reference rate for the Great Britain Pound (GBP) stood at 82.92. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| August 09, 2017 | 63.7491 | 82.9248 |
| August 08, 2017 | 63.7382 | 83.1465 |
