Indian rupee strengthened against US dollar on Friday on account of fresh selling of American currency by banks and exporters. Further, higher opening in the domestic equity market also bolstered the domestic currency. However, a strong dollar in global markets capped the rupee gains. On the global front, the dollar edged up against the yen and euro on Friday, pulling away from recent lows, but gains were capped as investors focused on a showdown between US President Donald Trump and members of his own party over a new healthcare bill.
The partially convertible currency is currently trading at 65.48, stronger by 5 paise from its previous close of 65.53 on Thursday. The currency touched a high and low of 65.5150 and 65.4275 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 65.42 and for Euro stood at 70.66 on March 23, 2017. While the RBI’s reference rate for the Yen stood at 58.81, the reference rate for the Great Britain Pound (GBP) stood at 81.84. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| March 23, 2017 | 65.4220 | 81.8495 |
| March 22, 2017 | 65.4881 | 81.6833 |
