Indian rupee weakened against the US dollar on Thursday as the dollar gained clout overseas on talk of a US rate hike and prospects of monetary stimulus pullout. The US Fed’s policy decision and commentary led to foreign fund outflows. Further, month-end demand from importers for the US currency and the dollar’s gains against other currencies overseas too dampened the rupee sentiment. On the global front, the dollar hit a one-month high against a basket of currencies on Thursday, underpinned by hopes that US President Donald Trump’s administration may be making progress on tax reforms.
The partially convertible currency is currently trading at 65.79, weaker by 9 paise from its previous close of 65.70 on Wednesday. The currency touched a high and low of 65.8950 and 65.7000 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 65.69 and for Euro stood at 77.36 on September 27, 2017. While the RBI's reference rate for the Yen stood at 58.40, the reference rate for the Great Britain Pound (GBP) stood at 88.14. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| September 27, 2017 | 65.6947 | 88.1426 |
| September 26, 2017 | 65.3371 | 88.0744 |
(RBI-Reference Rate)
