Indian rupee weakened against the US dollar on Monday, on account of fresh demand for the American currency from banks and importers. Besides, a strong dollar in overseas markets also weighed on the rupee sentiment. But, the domestic equity markets opened in green following mixed global cues, capped the fall. On the global front, the dollar edged higher on Monday, pulling away from last week’s lows against its major rivals after North Korea marked the anniversary of its founding without resorting to any further missile or nuclear tests.
The partially convertible currency is currently trading at 63.87, weaker by 9 paise from its previous close of 63.78 on Friday. The currency touched a high and low of 63.8925 and 63.8350 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.86 and for Euro stood at 77.03 on September 08, 2017. While the RBI’s reference rate for the Yen stood at 59.28, the reference rate for the Great Britain Pound (GBP) stood at 83.87. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| September 08, 2017 | 63.8664 | 83.8757 |
| September 07, 2017 | 64.0276 | 83.4664 |
