Indian rupee was trading marginally weaker after a good start on Wednesday, earlier the rupee strengthened as US President Donald Trump’s tax cut plans failed to sustain interest in the US currency among traders. Rupee improved further by higher opening in domestic stocks. The dollar’s falling fortune against currencies overseas also added support to the rupee. On the global front, speculation that President Donald Trump’s tax overhaul plan would stall, kept the dollar below a recent 10-week peak against major currencies on Wednesday, and the euro held near a 12-day high as political tensions over Catalonia receded slightly.
The partially convertible currency is currently trading at 65.30, weaker by 2 paise from its previous close of 65.28 on Tuesday. The currency touched a high and low of 65.3075 and 65.1800 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 65.26 and for Euro stood at 76.83 on October 10, 2017. While the RBI's reference rate for the Yen stood at 57.95, the reference rate for the Great Britain Pound (GBP) stood at 85.94. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| October 10, 2017 | 65.2652 | 85.9412 |
| October 09, 2017 | 65.3074 | 85.6311 |
