Indian rupee weakened marginally against US dollar on Thursday due to month-end demand for the American currency from importers and banks. Further, sustained foreign fund outflows and a strong dollar overseas too weighed on the rupee. The rupee sentiment was also hit as domestic equities remained weak. On the global front, the dollar hit a two-week high versus the yen on Thursday, extending its gains after strong US economic data bolstered expectations for a solid US jobs report later this week. The Commerce Department said on Wednesday that its second estimate of US gross domestic product showed that the economy grew at an annual 3.0 percent annual in the second quarter, the quickest in more than two years.
The partially convertible currency is currently trading at 64.02, 1 paise weaker from its previous close of 64.01 on Wednesday. The currency touched a high and low of 64.0625 and 63.9900 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.94 and for Euro stood at 76.45 on August 30, 2017. While the RBI’s reference rate for the Yen stood at 58.16, the reference rate for the Great Britain Pound (GBP) stood at 82.62. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| August 30, 2017 | 63.9431 | 82.6209 |
| August 29, 2017 | 64.0174 | 82.8833 |
