Indian rupee strengthened against US dollar in morning deals on Thursday on account of selling of American currency by bank and exporters, following dollar weakness overseas. Further, a higher opening in the domestic equity market too fuelled the uptrend. On the global front, the dollar wallowed at one-year lows against the euro and slipped against sterling in Asian trade on Thursday as investors priced in tighter monetary policy in Europe.
The partially convertible currency is currently trading at 64.47, stronger by 8 paise from its previous close of 64.55 on Wednesday. The currency touched a high and low of 64.4800 and 64.4425 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.52 and for Euro stood at 73.37 on June 28, 2017. While the RBI’s reference rate for the Yen stood at 57.44, the reference rate for the Great Britain Pound (GBP) stood at 82.66. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| June 28, 2017 | 64.5288 | 82.6614 |
| June 27, 2017 | 64.4572 | 82.0798 |
(RBI-Reference Rate)
