Tracking local equity markets weakness, Indian rupee touched one-month low against the U.S. dollar on Friday amid increasing demand for the greenback from importers, overshadowing early morning recovery, when traders took profit from the dollar's gains. Moreover, US dollar traded with small gains versus major rivals amid slowing selling pressure also pressurized domestic currency. Meanwhile, euro lingered below one-month high against the dollar, awaiting some new impetus to retest last's month peak.
The partially convertible currency is currently trading at 53.69, weaker by 27 paise from its previous close of 53.42 on Thursday. The currency, so far, has touched a high and low of 53.80 and 53.58 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at Rs 52.96 and for Euro it stood at Rs 69.4560 on October 18, 2012. While, the RBI’s reference rate for the Yen stood at 66.94 the reference rate for the Great Britain Pound (GBP) stood at 85.4549. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
October 18, 2012 | 52.96 | 85.4549 |
October 17, 2012 | 52.75 | 85.0768 |
