Indian rupee weakened against the US dollar on Wednesday amid sustained capital outflows. Besides, increased demand for the American currency from importers and banks and losses in domestic equity markets too weighed on the rupee. On the global front, the dollar edged down against the yen on Wednesday, getting closer to a recent 4-1/2 month low, pressured by simmering tensions on the Korean peninsula and on comments by a Federal Reserve official about low US inflation.
The partially convertible currency is currently trading at 64.22, weaker by 9 paise from its previous close of 64.13 on Tuesday. The currency touched a high and low of 64.26 and 64.19 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.11 and for Euro stood at 76.29 on September 05, 2017. While the RBI’s reference rate for the Yen stood at 58.63, the reference rate for the Great Britain Pound (GBP) stood at 82.81. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| September 05, 2017 | 64.1164 | 82.8192 |
| September 04, 2017 | 64.0468 | 82.9662 |
(RBI-Reference Rate)
