Indian rupee weakened against US dollar on Friday as the American currency strengthened against major currencies globally. Rupee fell further tracking losses in its Asian peers. On the global front, the dollar stood tall on Friday, on track for weekly gains, while the euro slumped to three-month lows after the European Central Bank extended its bond purchases and reduced the chances that it would hike interest rates in 2018.
The partially convertible currency is currently trading at 65.04, weaker by 22 paise from its previous close of 64.82 on Thursday. The currency touched a high and low of 65.0700 and 64.9650 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 64.78 and for Euro stood at 76.60 on October 26, 2017. While the RBI's reference rate for the Yen stood at 57.06, the reference rate for the Great Britain Pound (GBP) stood at 85.88. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| October 26, 2017 | 64.7888 | 85.8840 |
| October 25, 2017 | 65.1386 | 85.4814 |
(RBI-Reference Rate)
