Indian rupee was trading stronger against US dollar after a weak start on Friday on account of the solid opening of the domestic equities coupled with the dollar's losing ground against some currencies overseas. Earlier the rupee opened weaker against dollar on buying of the American currency by banks and importers. On the global front, the dollar wallowed near a one-week low against a basket of currencies after upbeat economic data failed to lift Treasury yields, with underlying concerns about US trade policy capping greenback attempts to bounce.
The partially convertible currency is currently trading at 67.05, stronger by 2 paise from its previous close of 67.07 on Thursday. The currency touched a high and low of 67.1525 and 67.03 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.94 and for Euro stood at 71.02 on February 16, 2017. While the RBI’s reference rate for the Yen stood at 58.75, the reference rate for the Great Britain Pound (GBP) stood at 83.43. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| February 16, 2017 | 66.9468 | 83.4358 |
| February 15, 2017 | 66.9193 | 83.4149 |
(RBI-Reference Rate)
