Indian rupee strengthened marginally against the US dollar on Tuesday on account of sustained selling of the American currency by banks and exporters. Besides, a higher opening of the domestic equity market too supported the rupee. Meanwhile, investors awaited the outcome of two-day RBI monetary policy due on Wednesday. On the global front, the dollar hit a six-week low against the safe-haven yen as caution mounted ahead of Britain's election, a European Central Bank meeting, and former FBI Director James Comey's testimony to a Senate committee - all of which are set for Thursday.
The partially convertible currency is currently trading at 64.34, stronger by 2 paise from its previous close of 64.36 on Monday. The currency touched a high and low of 64.3825 and 64.3200 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.34 and for Euro stood at 72.48 on June 05, 2017. While the RBI’s reference rate for the Yen stood at 58.20, the reference rate for the Great Britain Pound (GBP) stood at 82.79. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| June 05, 2017 | 64.3485 | 82.7972 |
| June 02, 2017 | 64.4208 | 82.9225 |
