Indian rupee strengthened against the US dollar on Friday on account of continuous selling of the American currency by exporters and banks. Further, dollar's weakness against major currencies overseas and a firm domestic equity market too boosted the rupee. On the global front, the euro reached a 2-1/2-year high versus the dollar on Friday, as a policy meeting by the European Central Bank gave bulls cause for short-term optimism and did little to support the beleaguered US currency.
The partially convertible currency is currently trading at 63.89, stronger by 15 paise from its previous close of 64.04 on Thursday. The currency touched a high and low of 63.91 and 63.83 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.02 and for Euro stood at 76.35 on September 07, 2017. While the RBI’s reference rate for the Yen stood at 58.70, the reference rate for the Great Britain Pound (GBP) stood at 83.46. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| September 07, 2017 | 64.0276 | 83.4664 |
| September 06, 2017 | 64.2146 | 83.6395 |
