Indian rupee strengthened against the US dollar on Thursday as the dollar remained shaky after US President Donald Trump’s comments about a government shutdown. The dollar’s global weakness was mostly an offshoot of President Donald Trump’s threat, who said he was willing to risk a government shutdown to ensure funding for a wall along the US-Mexico border. They said that interest was also building up ahead of the global central bankers’ annual conference in Jackson Hole. Rupee improved further as exporters and banks stepped up selling of the American currency amid a firm domestic equity market.
The partially convertible currency is currently trading at 64.05, stronger by 6 paise from its previous close of 64.11 on Wednesday. The currency touched a high and low of 64.0850 and 64.0425 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.12 and for Euro stood at 75.40 on August 23, 2017. While the RBI’s reference rate for the Yen stood at 58.58, the reference rate for the Great Britain Pound (GBP) stood at 82.23. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| August 23, 2017 | 64.1272 | 82.2303 |
| August 22, 2017 | 64.1099 | 82.5992 |
(RBI-Reference Rate)
