Indian rupee strengthened against the dollar on Friday, underpinned by higher opening in the domestic equity market. Besides, selling of the American currency by exporters and banks, and falling dollar against other currencies overseas too supported rupee’s uptrend. On the global front, the dollar crawled up on Friday as the dust settled from its tumble overnight to a three-week low, although gains were limited ahead of the US non-farm payrolls due out later in the session.
The partially convertible currency is currently trading at 67.89, stronger by 7 paise from its previous close of 67.96 on Thursday. The currency touched a high and low of 67.9200 and 67.8025 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.78 and for Euro stood at 71.55 on January 5, 2017. While the RBI’s reference rate for the Yen stood at 58.33, the reference rate for the Great Britain Pound (GBP) stood at 83.70.The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| January 05, 2017 | 67.7884 | 83.7051 |
| January 04, 2017 | 68.1791 | 83.5330 |
