Indian rupee weakened against US dollar on Friday on account of increased demand for the American currency from importers and banks. Further, losses in domestic equity market and foreign fund outflows too weighed on the rupee. However, the dollar was trading weak against some currencies overseas, limiting the rupee losses. On the global front, the dollar licked its wounds on Friday, on track for weekly losses after it dropped on disappointment with a tax bill put forth by US Senate Republicans that would delay expected corporate tax cuts.
The partially convertible currency is currently trading at 65.03, weaker by 9 paise from its previous close of 64.94 on Thursday. The currency touched a high and low of 65.1100 and 65.0175 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 64.89 and for Euro stood at 75.30 on November 09, 2017. While the RBI's reference rate for the Yen stood at 57.13, the reference rate for the Great Britain Pound (GBP) stood at 85.25. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| November 09, 2017 | 64.8967 | 85.2548 |
| November 08, 2017 | 65.0592 | 85.5724 |
(RBI-Reference Rate)
