Indian rupee improved marginally against the US dollar on Thursday on account of increased selling of the American currency by exporters and banks. Besides, the dollar’s weakness against some currencies overseas, too supported the rupee, but a lower opening of the domestic equity market amid sustained capital outflows capped the gains. On the global front, the dollar lost some steam on Thursday, slipping from its 14-year-high against a basket of currencies as investors took profits before a batch of U.S. economic data due later in the day is published.
The partially convertible currency is currently trading at 67.90, little changed from its previous close of 67.91 on Wednesday. The currency touched a high and low of 67.9125 and 67.8400 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.87 and for Euro stood at 70.60 on December 21, 2016. While the RBI’s reference rate for the Yen stood at 57.70, the reference rate for the Great Britain Pound (GBP) stood at 83.96.The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| December 21, 2016 | 67.8724 | 83.9649 |
| December 20, 2016 | 67.8954 | 84.1020 |
