Indian rupee strengthened marginally against the US dollar in early trade on Monday on selling of the American currency by exporters and banks. Besides, the dollar’s weakness against other currencies overseas on below than expected US jobs data for August also supported the domestic currency. However, a lower opening of the domestic equity markets, capped the gains. On the global front, yen gained against the dollar and other currencies on Monday, as investors trimmed their exposure to higher-risk assets after North Korea conducted its most powerful nuclear test.
The partially convertible currency is currently trading at 63.98, stronger by 5 paise from its previous close of 64.03 on Friday. The currency touched a high and low of 63.9875 and 63.9375 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.98 and for Euro stood at 76.10 on September 01, 2017. While the RBI’s reference rate for the Yen stood at 58.10, the reference rate for the Great Britain Pound (GBP) stood at 82.66. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| September 01, 2017 | 63.9804 | 82.6627 |
| August 31, 2017 | 64.0154 | 82.6951 |
(RBI-Reference Rate)
