Indian rupee was trading almost flat against the US dollar on Wednesday on account of buying of American currency by banks and importers. Though, higher opening of the domestic equity market capped some losses. On the global front, the dollar drifted lower against the yen and euro on Wednesday, as lingering concerns about US President Donald Trump's protectionist stance undermined the greenback's earlier rebound.
The partially convertible currency is currently trading at 68.1525, little changed from its previous close of 68.14 on Tuesday. The currency touched a high and low of 68.1900 and 68.1250 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 68.15 and for Euro stood at 73.23 on January 24, 2017. While the RBI’s reference rate for the Yen stood at 60.27, the reference rate for the Great Britain Pound (GBP) stood at 85.14.The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| January 24, 2017 | 68.1570 | 85.1485 |
| January 23, 2017 | 68.0843 | 84.6492 |
