Indian rupee strengthened marginally against the US dollar on Friday on continued foreign capital inflows. Further, dollar’s weakness overseas and increased selling of the American currency by exporters and banks also supported domestic unit. However, a weak domestic equity market capped the rupee's gains. On the global front, the dollar struggled near a 2-1/2-year low against the euro and a seven-week trough versus the yen on Friday in the wake of weak US data, with traders awaiting the closely watched non-farm jobs report due later today for potential relief.
The partially convertible currency is currently trading at 63.67, little changed from its previous close of 63.68 on Thursday. The currency touched a high and low of 63.6950 and 63.5300 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.63 and for Euro stood at 75.39 on August 03, 2017. While the RBI’s reference rate for the Yen stood at 57.53, the reference rate for the Great Britain Pound (GBP) stood at 84.15. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| August 03, 2017 | 63.6314 | 84.1589 |
| August 02, 2017 | 64.0690 | 84.6416 |
(RBI-Reference Rate)
