Indian rupee strengthened against the US dollar on Tuesday amid increased supply of the American currency by exporters. Besides, weakness in the dollar overseas too supported rupee. Furthermore, equity markets scaled fresh record high in opening trade on uninterrupted foreign capital inflows coupled with earnings optimism among participants. On the global front, the dollar's advance against its major peers slowed on Tuesday as a rise in sovereign bond yields paused, with investors awaiting comments from Federal Reserve Chair Janet Yellen for fresh cues on policy direction.
The partially convertible currency is currently trading at 64.49, stronger by 4 paise from its previous close of 64.53 on Monday. The currency touched a high and low of 64.4900 and 64.4550 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.54 and for Euro stood at 73.58 on July 10, 2017. While the RBI’s reference rate for the Yen stood at 56.53, the reference rate for the Great Britain Pound (GBP) stood at 83.27. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| July 10, 2017 | 64.5405 | 83.2766 |
| July 07, 2017 | 64.7342 | 83.8826 |
(RBI-Reference Rate)
