Indian rupee strengthened against the US dollar on Friday, as the domestic equities remained firm. Further, the American currency found no favour with exporters and banks, which intensified their selling. Though, the dollar’s increasing lure globally after US Fed Chair Janet Yellen’s speech alluding to rate hike and US President Donald Trump’s unveiling of tax overhaul plan had a sobering effect on the rupee.
The partially convertible currency is currently trading at 65.42, stronger by 9 paise from its previous close of 65.51 on Thursday. The currency touched a high and low of 65.4625 and 65.2800 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 65.76 and for Euro stood at 77.17 on September 28, 2017. While the RBI's reference rate for the Yen stood at 58.18, the reference rate for the Great Britain Pound (GBP) stood at 87.98. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| September 28, 2017 | 65.7604 | 87.9808 |
| September 27, 2017 | 65.6947 | 88.1426 |
(RBI-Reference Rate)
