Indian rupee was trading marginally stronger after a weak start on Monday, earlier the rupee weakened on increased demand for the US currency from importers and the greenback’s gains against other currencies overseas. On the global front, a slide in US bond yields pressured the dollar against the yen on Monday, while the euro struggled for traction after suffering significant losses at the end of last week on renewed concerns about the upcoming French elections.
The partially convertible currency is currently trading at 67.00, stronger by 2 paise from its previous close of 67.02 on Friday. The currency touched a high and low of 67.0450 and 66.9850 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.04 and for Euro stood at 71.50 on February 17, 2017. While the RBI’s reference rate for the Yen stood at 59.15, the reference rate for the Great Britain Pound (GBP) stood at 83.76. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| February 17, 2017 | 67.0467 | 83.7614 |
| February 16, 2017 | 66.9468 | 83.4358 |
