Indian rupee strengthened against the US dollar on Thursday as the US Federal Reserve held off on rates and kept the window open for a December hike. Further, selling of American currency by corporates too supported rupee. Meanwhile, domestic equity markets opened on a flat note following global cues. On the global front, the dollar pulled back from a 3-1/2-month high versus the yen and also fell back against the euro on Thursday, sagging ahead of a US tax bill that will be unveiled after a one-day delay.
The partially convertible currency is currently trading at 64.57, stronger by 2 paise from its previous close of 64.59 on Wednesday. The currency touched a high and low of 64.5675 and 64.4775 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 64.52 and for Euro stood at 75.07 on November 01, 2017. While the RBI's reference rate for the Yen stood at 56.70, the reference rate for the Great Britain Pound (GBP) stood at 85.67. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| November 1, 2017 | 64.5256 | 85.6706 |
| October 31, 2017 | 64.7745 | 85.5995 |
(RBI-Reference Rate)
