Indian rupee strengthened against the US dollar on Monday on account of fresh selling of the American currency by banks and exporters. The rupee sentiment was also buoyed as the domestic indices zoomed to record highs in early trade. Though, the dollar's strength against other currencies overseas on US jobs data dampened the rupee sentiment. On the global front, the dollar was on solid footing on Monday, after a bigger-than-expected increase in US jobs suggested the Federal Reserve would stick with its tightening plans for the rest of this year.
The partially convertible currency is currently trading at 64.51, stronger by 8 paise from its previous close of 64.59 on Friday. The currency touched a high and low of 64.5500 and 64.4825 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.73 and for Euro stood at 73.88 on July 07, 2017. While the RBI’s reference rate for the Yen stood at 56.94, the reference rate for the Great Britain Pound (GBP) stood at 83.88. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| July 07, 2017 | 64.7342 | 83.8826 |
| July 06, 2017 | 64.7779 | 83.8226 |
(RBI-Reference Rate)
