Indian rupee strengthened against the US dollar on Monday on account of dollar selling by banks and exporters. Further, the dollar’s slide against some currencies overseas ahead of the Federal Reserve’s meet beginning tomorrow and strong domestic equities supported the rupee uptrend. On the global front, the dollar held firm near a seven-week high versus the yen on Monday, supported by recent rises in US yields, while sterling took a breather after surging last week on growing expectations that the Bank of England could raise interest rates soon.
The partially convertible currency is currently trading at 64.02, stronger by 6 paise from its previous close of 64.08 on Friday. The currency touched a high and low of 64.0650 and 63.9950 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 64.07 and for Euro stood at 76.39 on September 15, 2017. While the RBI's reference rate for the Yen stood at 57.92, the reference rate for the Great Britain Pound (GBP) stood at 86.12. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| September 15, 2017 | 64.0774 | 86.1200 |
| September 14, 2017 | 64.0692 | 84.6867 |
(RBI-Reference Rate)
