Indian rupee weakened marginally against the US dollar on Friday ahead of the monetary policy outcome later in the day. Further, sustained capital outflows amid surging US Treasury yields and firm crude oil prices too added pressure on domestic currency. On the global front, the dollar’s rally took a pause on Friday as investors awaited monthly US jobs data later in the day and evaluated the impact of a two-day global government bond rout that has lifted US Treasury yields to seven-year highs.
The partially convertible currency is currently trading at 73.59, weaker by 1 paisa from its previous close of 73.58 on Thursday. The currency touched a high and low of 73.6200 and 73.4200 respectively. The reference rate for the dollar stood at 73.75 and for Euro stood at 84.62 on October 4, 2018. While the reference rate for the Yen stood at 64.49, the reference rate for the Great Britain Pound (GBP) stood at 95.39. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| October 04, 2018 | 73.7509 | 95.3904 |
| October 03, 2018 | 73.0299 | 94.9880 |
(Reference Rate)
