Indian rupee strengthened against the US dollar on Friday on heightened selling of the US currency by exporters and banks. Besides, a higher opening in the domestic equity market also fuelled the uptrend. On the global front, the dollar headed for weekly losses on Friday, wallowing at its lowest levels against the euro in nearly two years, after European Central Bank chief Mario Draghi said policymakers would discuss changing its bond-buying programme in the autumn.
The partially convertible currency is currently trading at 64.34, stronger by 9 paise from its previous close of 64.43 on Thursday. The currency touched a high and low of 64.3850 and 64.3350 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.42 and for Euro stood at 74.18 on July 20, 2017. While the RBI’s reference rate for the Yen stood at 57.45, the reference rate for the Great Britain Pound (GBP) stood at 83.91. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| July 20, 2017 | 64.4273 | 83.9166 |
| July 19, 2017 | 64.3211 | 83.8554 |
