Indian rupee strengthened against the US dollar on Monday after the US currency found no takers among exporters and banks. Besides, a higher opening of the domestic equity market and weakening of dollar against other currencies overseas also fuelled the uptrend. The dollar held steady against the yen, having retreated from 12-week highs set last week, due to renewed focus on geopolitical risks amid concerns that North Korea may be preparing another missile test.
The partially convertible currency is currently trading at 65.3025, stronger by 7 paise from its previous close of 65.37 on Friday. The currency touched a high and low of 65.3550 and 65.27 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 65.22 and for Euro stood at 76.26 on October 06, 2017. While the RBI's reference rate for the Yen stood at 57.72, the reference rate for the Great Britain Pound (GBP) stood at 85.31. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| October 06, 2017 | 65.2276 | 85.3112 |
| October 05, 2017 | 65.1758 | 86.2145 |
(RBI-Reference Rate)
