Indian rupee strengthened against the US dollar on Thursday due to increased dollar selling by banks and exporters. Further, weakening of dollar against other currencies overseas also supported the rupee. On the global front, the dollar touched a two-month low against the yen on Thursday, having tumbled after the minutes of the Federal Reserve's latest meeting showed some policymakers were concerned about persistently low inflation in a blow to rate hawks.
The partially convertible currency is currently trading at 64.82, stronger by 10 paise from its previous close of 64.92 on Wednesday. The currency touched a high and low of 64.8900 and 64.7950 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 64.74 and for Euro stood at 76.07 on November 22, 2017. While the RBI's reference rate for the Yen stood at 57.75, the reference rate for the Great Britain Pound (GBP) stood at 85.85. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| November 22, 2017 | 64.7453 | 85.8523 |
| November 21, 2017 | 65.0386 | 86.1892 |
(RBI-Reference Rate)
