Indian rupee strengthened a bit further against the US dollar on Thursday amid sustained selling of the American currency by exporters and banks. Further, weakness in the dollar against other currencies overseas, robust foreign fund inflows too supported the rupee but weakness in domestic equities capped the gains. On the global front, the dollar held gains against the yen on Thursday after US President Donald Trump's tax plan offered no fresh surprises, slowing the greenback's rally, while the market awaited the European Central Bank's upcoming monetary policy decision.
The partially convertible currency is currently trading at 64.10, little changed from its previous close of 64.11 on Wednesday. The currency touched a high and low of 64.14 and 63.9775 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.00 and for Euro stood at 70.04 on April 26, 2017. While the RBI’s reference rate for the Yen stood at 57.47, the reference rate for the Great Britain Pound (GBP) stood at 82.12. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| April 26, 2017 | 64.0013 | 82.1265 |
| April 25, 2017 | 64.2776 | 82.2689 |
