Indian rupee strengthened against US dollar on Tuesday on account of selling of American currency by banks and exporters amidst higher opening in the domestic equity market. Besides, weakness in the dollar against other currencies overseas too supported the rupee. Rupee improved further tracking the gains in the Asian currencies markets. On the global front, the dollar wallowed near seven-week lows in Asian trade on Tuesday, pressured by concerns about the impact of US President Donald Trump's protectionist trade stance.
The partially convertible currency is currently trading at 68.13, stronger by 8 paise from its previous close of 68.21 on Monday. The currency touched a high and low of 68.20 and 68.0725 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 68.08 and for Euro stood at 73.14 on January 23, 2017. While the RBI’s reference rate for the Yen stood at 60.10, the reference rate for the Great Britain Pound (GBP) stood at 84.64.The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| January 23, 2017 | 68.0843 | 84.6492 |
| January 20, 2017 | 68.0883 | 84.1231 |
