Indian rupee was trading marginally stronger against US dollar on Thursday, on account of selling of American currency by banks and exporters. Besides, a higher opening in the domestic equity market and robust GDP numbers for the December quarter too supported the rupee. On the global front, the dollar hovered near a seven-week high on increasing signs given by Federal Reserve officials that the US central bank is seriously considering raising interest rates this month.
The partially convertible currency is currently trading at 66.7275, stronger by 9 paise from its previous close of 66.82 on Wednesday. The currency touched a high and low of 66.7875 and 66.7100 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.84 and for Euro stood at 70.57 on March 1, 2017. While the RBI’s reference rate for the Yen stood at 58.91, the reference rate for the Great Britain Pound (GBP) stood at 82.71.The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| March 01, 2017 | 66.8482 | 82.7180 |
| February 28, 2017 | 66.7375 | 83.0548 |
(RBI-Reference Rate)
