Indian rupee strengthened against the US dollar on Tuesday due to fresh selling of the American currency by exporters and banks. Meanwhile, the forex market was shut yesterday on account of Eid-ul-Fitr. On the global front, the dollar stood tall on Tuesday, pushing to a one-month high against the yen as investors waited to see if Federal Reserve Chair Janet Yellen would stick to her positive economic outlook at an event later in the global session.
The partially convertible currency is currently trading at 64.45, stronger by 7 paise from its previous close of 64.52 on Friday. The currency touched a high and low of 64.4625 and 64.4050 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.53 and for Euro stood at 72.08 on June 23, 2017. While the RBI’s reference rate for the Yen stood at 58.01, the reference rate for the Great Britain Pound (GBP) stood at 81.97. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| June 23, 2017 | 64.5365 | 81.9743 |
| June 22, 2017 | 64.4950 | 81.7990 |
(RBI-Reference Rate)
