Indian rupee strengthened against the US dollar on Friday on account of selling of American currency by banks and exporters, amid sustain inflows by foreign institutional investors and firm Asian cues. Besides, dollar's weakness against other currencies overseas and a firm domestic equity market too supported rupee. On the global front, the dollar hit a one-week high against the yen on Friday after upbeat US private sector job figures, while the closely-watched non-farm payrolls report out later in the global day could provide another boost. The dollar also received an additional lift as an improvement in broader risk sentiment - Japan's Nikkei reached a 22-month peak after Wall Street set record highs - curbed demand for the safe-haven yen.
The partially convertible currency is currently trading at 64.42, stronger by 5 paise from its previous close of 64.47 on Thursday. The currency touched a high and low of 64.4275 and 64.3400 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.47 and for Euro stood at 72.45 on June 01, 2017. While the RBI’s reference rate for the Yen stood at 58.07, the reference rate for the Great Britain Pound (GBP) stood at 82.87. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| June 01, 2017 | 64.4704 | 82.8703 |
| May 31, 2017 | 64.5459 | 82.6446 |
(RBI-Reference Rate)
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