Indian rupee strengthened against the US dollar on Tuesday due to increased selling of the US currency by exporters and banks. Further, weakening of dollar against other currencies overseas supported the rupee. Also, a firm domestic equity market aided the uptrend. On the global front, the dollar edged down as attention turned to who would be the next head of the US central bank.
The partially convertible currency is currently trading at 64.91, stronger by 10 paise from its previous close of 65.01 on Monday. The currency touched a high and low of 64.9525 and 64.9050 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 65.02 and for Euro stood at 76.51 on October 23, 2017. While the RBI's reference rate for the Yen stood at 57.17, the reference rate for the Great Britain Pound (GBP) stood at 85.83. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| October 23, 2017 | 65.0239 | 85.8381 |
| October 18, 2017 | 65.0649 | 85.7425 |
