Indian rupee strengthened against the US dollar on Tuesday on account of fresh selling of the US currency by exporters and banks. Further, a positive opening of domestic equities too supported the local unit. But a strong dollar overseas kept the rupee in check. On the global front, the dollar gave back some of its gains in Asian trading on Tuesday but stuck close to a one-week high against a basket of currencies as a German political deadlock continued to pressure the euro.
The partially convertible currency is currently trading at 65.02, stronger by 7 paise from its previous close of 65.09 on Monday. The currency touched a high and low of 65.1200 and 65.0125 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 65.05 and for Euro stood at 76.36 on November 20, 2017. While the RBI's reference rate for the Yen stood at 58.08, the reference rate for the Great Britain Pound (GBP) stood at 85.93. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| November 20, 2017 | 65.0565 | 85.9331 |
| November 17, 2017 | 64.8462 | 85.7850 |
(RBI-Reference Rate)
