Indian rupee weakened against US dollar on Thursday on account of buying of American currency by banks and importers. On the global front, dollar rose against its major crosses despite weaker-than-expected economic numbers from the US. Sales of new US single-family homes fell to a near two-year low in September and data for the prior three months was revised lower, the latest indications that rising mortgage rates and higher prices were sapping demand for housing.
The partially convertible currency is currently trading at 73.29, weaker by 13 paise from its previous close of 73.16 on Wednesday. The currency touched a high and low of 73.3775 and 73.2800 respectively. The reference rate for the dollar stood at 73.26 and for Euro stood at 83.99 on October 24, 2018. While the reference rate for the Yen stood at 65.13, the reference rate for the Great Britain Pound (GBP) stood at 95.05. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| October 24, 2018 | 73.2645 | 95.0529 |
| October 23, 2018 | 73.7818 | 95.5568 |
(Reference Rate)
