Indian rupee weakened against the US dollar on Friday on account of increased month-end demand for the American currency from importers. Further, the US dollars gains against other currencies overseas and a weak domestic equity market too put pressure on the rupee. On the global front, the dollar edged up in Asian trading on Friday but was on track for a losing month against a basket of currencies; while the euro shed some of its monthly gains after the European Central Bank maintained its easing bias.
The partially convertible currency is currently trading at 64.23, weaker by 8 paise from its previous close of 64.15 on Thursday. The currency touched a high and low of 64.2450 and 64.06 respectively. The Reserve Bank of Indias (RBI) reference rate for the dollar stood at 64.11 and for Euro stood at 69.89 on April 27, 2017. While the RBIs reference rate for the Yen stood at 57.60, the reference rate for the Great Britain Pound (GBP) stood at 82.58. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
|April 27, 2017||64.1141||82.5854|
|April 26, 2017||64.0013||82.1265|