Indian rupee weakened against the US dollar on Thursday following increased demand for the American currency from banks and importers. Investors are cautious ahead of consumer price inflation data due later in the day. Further, the US dollar’s gains against some currencies overseas, on surging crude oil prices and growing geopolitical uncertainties, weighed on the domestic unit. On the global front, the dollar struggled against the yen on Thursday as investors sought shelter in the safe-haven Japanese currency on concerns over the possibility of Western military action against Syria.
The partially convertible currency is currently trading at 65.37, weaker by 6 paise from its previous close of 65.31 on Wednesday. The currency touched a high and low of 65.4550 and 65.3300 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 65.12 and for Euro stood at 80.58 on April 11, 2018. While the RBI’s reference rate for the Yen stood at 60.84, the reference rate for the Great Britain Pound (GBP) stood at 92.51. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| April 11, 2018 | 65.1272 | 92.5197 |
| April 10, 2018 | 64.9386 | 91.7492 |
(RBI-Reference Rate)
