Indian rupee strengthened against the US dollar on Thursday due to weakness in American greenback against key global currencies and a higher opening in the domestic equity market. However, a steady stream of capital flight amid growing appeal of the American currency among importers, capped some gains. On the global front, the dollar eased versus the yen on Thursday, as a recent rally tied to bets on another U.S. interest rate hike this year lost steam, while the New Zealand dollar rose after its central bank stopped short of aggressively trying to talk down the currency.
The partially convertible currency is currently trading at 64.47, stronger by 5 paise from its previous close of 64.52 on Wednesday. The currency touched a high and low of 64.5500 and 64.4525 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.60 and for Euro stood at 71.94 on June 21, 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 81.53. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| June 21, 2017 | 64.6025 | 81.5348 |
| June 20, 2017 | 64.4672 | 82.1506 |
