Indian rupee weakened against US dollar on Friday on account of buying of American currency by banks and importers amid outflows of foreign fund. Besides, weakness in the domestic stock market too weighed on the rupee sentiment. On the global front, the dollar wallowed near a three-week low against its peers on Friday as US Treasury yields fell sharply, while the euro’s recovery remained intact amid expectations the European Central Bank will begin unwinding its stimulus program.
The partially convertible currency is currently trading at 67.49, weaker by 37 paise from its previous close of 67.12 on Thursday. The currency touched a high and low of 67.5400 and 67.4325 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.01 and for Euro stood at 79.10 on June 07, 2018. While, the RBI’s reference rate for the Yen stood at 60.91, the reference rate for the Great Britain Pound (GBP) stood at 90.04. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| June 07, 2018 | 67.0181 | 90.0455 |
| June 06, 2018 | 67.0397 | 89.9472 |
(RBI-Reference Rate)
