Indian rupee was trading marginally weaker after a positive start on Wednesday, earlier the rupee strengthened on mild selling of the US currency by exporters. Meanwhile, domestic equity markets opened in red following mixed global cues and weighed on the currency. On the global front, the dollar held an upper hand against other major currencies on Wednesday as investors weigh the possibility that US President Donald Trump will choose a more hawkish Federal Reserve chief with than the current chair, Janet Yellen.
The partially convertible currency is currently trading at 65.07, weaker by 4 paise from its previous close of 65.03 on Tuesday. The currency touched a high and low of 65.0700 and 64.9500 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 64.92 and for Euro stood at 76.42 on October 17, 2017. While the RBI's reference rate for the Yen stood at 57.87, the reference rate for the Great Britain Pound (GBP) stood at 86.03. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| October 17, 2017 | 64.9226 | 86.0354 |
| October 16, 2017 | 64.7603 | 86.0082 |
