Indian rupee weakened against the US dollar on Thursday after economic data showed the US economy in a more positive light. The Institute for Supply Management's index of non-manufacturing activity rose to 59.8 in September, its highest reading since August 2005, pointing to the resilience of the vast US services sector despite disruption from two powerful hurricanes. Besides, fresh demand for the American currency by banks and importers too weighed on rupee. On the global front, the dollar inched up against a basket of its peers on Thursday after data shed more positive light on the US economy, although sagging Treasury yields tempered the greenback’s gains.
The partially convertible currency is currently trading at 65.14, weaker by 9 paise from its previous close of 65.05 on Wednesday. The currency touched a high and low of 65.1475 and 65.0675 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 65.28 and for Euro stood at 76.82 on October 04, 2017. While the RBI's reference rate for the Yen stood at 58.00, the reference rate for the Great Britain Pound (GBP) stood at 86.62. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| October 04, 2017 | 65.2899 | 86.6266 |
| October 03, 2017 | 65.5529 | 86.8707 |
(RBI-Reference Rate)
