Indian rupee strengthened against the US dollar on Wednesday on account of increased selling of American currency by banks and exporters, along with continued foreign funds inflow. Besides, weakness in the dollar against other currencies overseas buoyed the rupee sentiment. Furthermore, firm domestic equities too aided the uptrend. On the global front, the dollar edged down to 14-month lows against the euro in Asian trading on Wednesday as investors, already wary ahead Federal Reserve Chair Janet Yellen's testimony, digested emails released by President Donald Trump's eldest son suggesting he welcomed Russia's help in last year's election campaign.
The partially convertible currency is currently trading at 64.52, stronger by 6 paise from its previous close of 64.58 on Tuesday. The currency touched a high and low of 64.6100 and 64.5075 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.50 and for Euro stood at 73.43 on July 11, 2017. While the RBI’s reference rate for the Yen stood at 56.38, the reference rate for the Great Britain Pound (GBP) stood at 83.08. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| July 11, 2017 | 64.5025 | 83.0857 |
| July 10, 2017 | 64.5405 | 83.2766 |
