Indian rupee weakened against US dollar on Thursday as the dollar reached a 11-month high against the yen and stood tall against other peers on upbeat US data and comments from Federal Reserve Chairman Jerome Powell that were seen as hawkish. Besides, consistent dollar demand from importers, mainly oil refiners, following higher crude oil prices, also kept the rupee under pressure. Furthermore, domestic equity markets are trading in red, also added pressure on domestic unit.
The partially convertible currency is currently trading at 73.74, weaker by 40 paise from its previous close of 73.34 on Wednesday. The currency touched a high and low of 73.8150 and 73.6250 respectively. The reference rate for the dollar stood at 73.02 and for Euro stood at 84.57 on October 3, 2018. While the reference rate for the Yen stood at 64.18, the reference rate for the Great Britain Pound (GBP) stood at 94.98. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| October 03, 2018 | 73.0299 | 94.9880 |
| October 01, 2018 | 72.8036 | 94.8825 |
(Reference Rate)
