Indian rupee strengthened marginally against the US dollar on Friday on account of fresh selling of the American unit by exporters and banks amid concerns over a possible rate hike by the US Federal Reserve. Meanwhile, domestic equity markets opened in red following subdued global cues. On the global front, the dollar gained in Asian trading on Friday, getting a leg up against the yen after the Bank of Japan increased its purchases of Japanese government bonds in a move aimed at stemming a rise in yields.
The partially convertible currency is currently trading at 64.75, stronger by 2 paise from its previous close of 64.77 on Thursday. The currency touched a high and low of 64.7550 and 64.7075 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.77 and for Euro stood at 73.43 on July 06, 2017. While the RBI’s reference rate for the Yen stood at 57.25, the reference rate for the Great Britain Pound (GBP) stood at 83.82. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| July 06, 2017 | 64.7779 | 83.8226 |
| July 05, 2017 | 64.7209 | 83.6065 |
(RBI-Reference Rate)
