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Rupee trades flat against US dollar on Wednesday

19 Jul 2017 Evaluate

Indian rupee traded flat against the US dollar on Wednesday on account of fresh buying of the American currency by importers. Meanwhile, domestic equity markets opened in green following mixed global cues. On the global front, the dollar nursed losses on Wednesday after skidding to a 10-month low against a currency basket as the Republican failure to push through a stalled US healthcare bill raised fears about the rest of President Donald's Trump reform agenda.

The partially convertible currency is currently trading flat from its previous close of 64.33 on Tuesday. The currency touched a high and low of 64.3475 and 64.3175 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.33 and for Euro stood at 74.14 on July 18, 2017. While the RBI’s reference rate for the Yen stood at 57.39, the reference rate for the Great Britain Pound (GBP) stood at 84.29. The reference rates are based on 12 noon rates of a few select banks in Mumbai.

Date1US$ 1GBP
July 18, 201764.330184.2917
July 17, 201764.366684.2173

(RBI-Reference Rate)

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