Indian rupee strengthened against the US dollar on Wednesday due to sustained selling of the American currency by exporters. Besides, a higher opening in the domestic equity market too supported domestic currency. On the global front, the dollar traded below a six-week high against the yen on Wednesday, as the market awaited the Federal Reserve's policy statement for hints on the US interest rate outlook, while the kiwi strengthened after strong New Zealand jobs data.
The partially convertible currency is currently trading at 64.15, stronger by 6 paise from its previous close of 64.21 on Tuesday. The currency touched a high and low of 64.1650 and 64.1050 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.20 and for Euro stood at 70.04 on May 02, 2017. While the RBI’s reference rate for the Yen stood at 57.27, the reference rate for the Great Britain Pound (GBP) stood at 82.69. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| May 02, 2017 | 64.2072 | 82.6925 |
| April 28, 2017 | 64.2170 | 82.8271 |
(RBI-Reference Rate)
