Indian rupee was trading almost flat against the US dollar on Friday after a positive start on sustained selling of the American currency by exporters and banks. Weakness in the dollar against some currencies overseas, increased foreign fund inflows and firm domestic equity market, also supported the rupee. On the global front, commodity currencies got off to a shaky start on Friday, having tracked oil prices lower, after a meeting of OPEC countries disappointed some investors who had hoped for larger production cuts. Sterling slipped after an opinion poll showed that Britain's opposition Labor Party has cut the lead of Prime Minister Theresa May's Conservatives to five points ahead of a June 8 national election.
The partially convertible currency is currently trading almost flat from its previous close of 64.61 on Thursday. The currency touched a high and low of 64.64 and 64.55 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.50 and for Euro stood at 72.46 on May 25, 2017. While the RBI’s reference rate for the Yen stood at 57.74, the reference rate for the Great Britain Pound (GBP) stood at 83.77. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| May 25, 2017 | 64.5088 | 83.7711 |
| May 24, 2017 | 64.8586 | 84.0957 |
