Indian rupee strengthened against the US dollar on Monday on account of increased selling of the American currency by banks and exporters. Besides, the dollar’s weakness against some currencies overseas too supported the rupee. On the global front, the dollar skidded in Asian trade, with the euro hitting its highest levels in more than a month as investors locked in gains on the greenback's recent rise as they waited for US President Donald Trump to offer details of his promised stimulus.
The partially convertible currency is currently trading at 68.09, stronger by 9 paise from its previous close of 68.18 on Friday. The currency touched a high and low of 68.1025 and 68.0100 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 68.08 and for Euro stood at 72.73 on January 20, 2017. While the RBI’s reference rate for the Yen stood at 59.38, the reference rate for the Great Britain Pound (GBP) stood at 84.12. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| January 20, 2017 | 68.0883 | 84.1231 |
| January 19, 2017 | 68.1766 | 83.6936 |
