Indian rupee strengthened against US dollar on Friday, on account of increased liquidation of the American currency by exporters and banks amid continued foreign inflows. Though, it has opened on a flat note at 64.92 against the US dollar. Further, dollar’s strength against some other currencies overseas and a lower opening in the domestic equity markets capped the rupee’s gain. On the global front, dollar edged up against some currencies overseas on Friday, after solid U.S. economic data contrasted with cooling euro zone inflation.
The partially convertible currency is currently trading at 64.81, stronger by 11 paise from its previous close of 64.92 on Thursday. The currency touched a high and low of 64.93 and 64.79 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.93 and for Euro stood at 69.87 on March 30, 2017. While the RBI’s reference rate for the Yen stood at 58.43, the reference rate for the Great Britain Pound (GBP) stood at 80.75. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| March 30, 2017 | 64.9325 | 80.7501 |
| March 29, 2017 | 64.9552 | 80.4795 |
(RBI-Reference Rate)
