Indian rupee strengthened against the US dollar on Tuesday on account of fresh selling of the American currency by exporters and banks. Besides, dollar's weakness against some other currencies overseas too supported the rupee. On the global front, the dollar inched down slightly in Asian trading, but maintained most of the gains it made on last week's robust employment data that kept hope alive that the US Federal Reserve could still increase interest rates this year.
The partially convertible currency is currently trading at 63.78, stronger by 2 paise from its previous close of 63.80 on Monday. The currency touched a high and low of 63.7875 and 63.7150 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.73 and for Euro stood at 75.10 on August 07, 2017. While the RBI’s reference rate for the Yen stood at 57.55, the reference rate for the Great Britain Pound (GBP) stood at 83.15. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| August 07, 2017 | 63.7375 | 83.1583 |
| August 04, 2017 | 63.7091 | 83.7074 |
