Indian rupee strengthened against the US dollar on Tuesday as increasing risk appetite pushed back the US currency amid a positive opening of the domestic equity market. Further, the risk-on approach pushed exporters and banks increasingly away from the dollar. On the global front, the dollar was little changed against the yen, with the market wary of potential North Korean provocations, while the euro extended gains following upbeat German data and hawkish-sounding comments from a European Central Bank official.
The partially convertible currency is currently trading at 65.27, stronger by 8 paise from its previous close of 65.35 on Monday. The currency touched a high and low of 65.3225 and 65.2100 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 65.30 and for Euro stood at 76.59 on October 09, 2017. While the RBI's reference rate for the Yen stood at 57.99, the reference rate for the Great Britain Pound (GBP) stood at 85.63. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| October 09, 2017 | 65.3074 | 85.6311 |
| October 06, 2017 | 65.2276 | 85.3112 |
(RBI-Reference Rate)
