Indian rupee strengthened against the US currency on Thursday, on dollar selling by banks and exporters and foreign fund inflows. Further, the dollar’s slide against some currencies overseas and a firm domestic equity market also supported the rupee. On the global front, dollar lost some ground after edging up against the Japanese yen after getting a boost from trump's surprise deal with the democrats on extending the debt limit. Meanwhile, euro hold firm ahead of the European Central Bank's policy meeting.
The partially convertible currency is currently trading at 64.04, stronger by 6 paise from its previous close of 64.10 on Wednesday. The currency touched a high and low of 64.0525 and 64.0125 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.21 and for Euro stood at 76.54 on September 06, 2017. While the RBI’s reference rate for the Yen stood at 59.04, the reference rate for the Great Britain Pound (GBP) stood at 83.63. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| September 06, 2017 | 64.2146 | 83.6395 |
| September 05, 2017 | 64.1164 | 82.8192 |
(RBI-Reference Rate)
