Indian rupee strengthened marginally against US dollar on Tuesday on account of selling of American currency by banks and exporters. Further, domestic equity markets opened in green despite mixed global cues that too supported rupee. On the global front, the dollar steadied on Tuesday after rallying on upbeat US data that boosted Treasury yields to seven-week highs, while the focus turned to the Reserve Bank of Australia's policy decision to see if it would join a growing list of central banks adopting a hawkish tilt.
The partially convertible currency is currently trading at 64.85, stronger by 2 paise from its previous close of 64.87 on Monday. The currency touched a high and low of 64.8750 and 64.7550 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.75 and for Euro stood at 73.85 on July 03, 2017. While the RBI’s reference rate for the Yen stood at 57.54, the reference rate for the Great Britain Pound (GBP) stood at 84.17. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| July 03, 2017 | 64.7525 | 84.1718 |
| June 30, 2017 | 64.7379 | 84.2564 |
(RBI-Reference Rate)
