Indian rupee strengthened against dollar on Thursday on account of some selling of the US currency by exporters and banks. Further, stock markets opening in green also boosted the domestic currency. Meanwhile, traders are awaiting US Federal Reserve chair Janet Yellen’s speech due later on Thursday for further cues. On the global front, the dollar edged up from four-month lows against the yen on Thursday, but gains were capped by US President Donald Trump's struggle to push through a healthcare bill. The US currency has struggled this week as growing doubts over Trump's ability to push through with economic and tax policies triggered broad risk aversion and buffeted equities.
The partially convertible currency is currently trading at 65.39, stronger by 5 paise from its previous close of 65.44 on Wednesday. The currency touched a high and low of 65.42 and 65.3850 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 65.48 and for Euro stood at 70.72 on March 22, 2017. While the RBI’s reference rate for the Yen stood at 58.70, the reference rate for the Great Britain Pound (GBP) stood at 81.68. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| March 22, 2017 | 65.4881 | 81.6833 |
| March 21, 2017 | 65.3117 | 80.6273 |
