Indian rupee weakened against the US dollar on Thursday followed by the tabling of the Union Budget 2018. Further, a strong dollar in overseas markets also weighed on the domestic currency. On the global front, the dollar kept modest gains against its peers on Thursday after the Federal Reserve signaled its confidence about inflation and growth in the world's biggest economy, with traders now waiting on a host of indicators including non-farm payrolls for further catalysts.
The partially convertible currency is currently trading at 63.61, weaker by 3 paise from its previous close of 63.58 on Wednesday. The currency touched a high and low of 63.6850 and 63.5550 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 63.68 and for Euro stood at 79.21 on January 31, 2018. While the RBI's reference rate for the Yen stood at 58.60, the reference rate for the Great Britain Pound (GBP) stood at 90.35. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| January 31, 2018 | 63.6878 | 90.3539 |
| January 30, 2018 | 63.7534 | 89.3886 |
(RBI-Reference Rate)
