Indian rupee strengthened against US dollar on Monday amid fresh selling of American currency from exporters and banks. Besides, the dollar's weakness against the euro and other currencies overseas following the ECB move triggered the rise in the local unit. Furthermore, domestic equity markets opened in green following firm Asian cues too supported rupee. On the global front, the dollar edged away from last week’s three-month highs on Monday, while the euro nursed losses after the European Central Bank and unrest in Spain’s Catalonia led it to post its worst week this year.
The partially convertible currency is currently trading at 64.94, stronger by 11 paise from its previous close of 65.05 on Friday. The currency touched a high and low of 64.9450 and 64.8800 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 65.09 and for Euro stood at 75.68 on October 27, 2017. While the RBI's reference rate for the Yen stood at 57.00, the reference rate for the Great Britain Pound (GBP) stood at 85.38. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| October 27, 2017 | 65.0931 | 85.3826 |
| October 26, 2017 | 64.7888 | 85.8840 |
(RBI-Reference Rate)
