Indian rupee weakened against the US dollar on Thursday due to appreciation of the American currency overseas amid sustained foreign capital outflows and soaring global crude prices. However, a higher opening in the domestic equity market capped the losses. On the global front, the dollar held firm against a basket of currencies overseas after the 10-year US bond yield rose back to the psychologically important 3% mark and investors looked to US consumer price data due later to show acceleration in inflation.
The partially convertible currency is currently trading at 67.39, weaker by 12 paise from its previous close of 67.27 on Wednesday. The currency touched a high and low of 67.4375 and 67.3400 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.38 and for Euro stood at 79.74 on May 09, 2018. While the RBI’s reference rate for the Yen stood at 61.49, the reference rate for the Great Britain Pound (GBP) stood at 91.08. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| May 09, 2018 | 67.3815 | 91.0863 |
| May 08, 2018 | 67.0809 | 91.1361 |
(RBI-Reference Rate)
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