Indian rupee weakened against the US dollar on Friday on account of dollar demand from importers. However, a firm domestic equity market despite the India's GDP numbers coming in at three-year low in first quarter of FY18, capped the rupee's losses. On the global front, the dollar edged down on Friday after tepid US economic data casts doubts on whether the Federal Reserve will raise rates again this year, though investors were cautious ahead of the key monthly US employment data later in the global session.
The partially convertible currency is currently trading at 63.97, weaker by 6 paise from its previous close of 63.91 on Thursday. The currency touched a high and low of 64.0000 and 63.8750 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.01 and for Euro stood at 76.04 on August 31, 2017. While the RBI’s reference rate for the Yen stood at 57.91, the reference rate for the Great Britain Pound (GBP) stood at 82.69. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| August 31, 2017 | 64.0154 | 82.6951 |
| August 30, 2017 | 63.9431 | 82.6209 |
