Indian rupee strengthened against the US currency after a negative start on Monday. A higher opening in the domestic equity market helped the local currency. Earlier the rupee had weakened as the dollar strengthened in global markets after progress on the US tax-cut proposal. The forex market was closed on Friday on account of Id-E-Milad. On the global front, the dollar was broadly higher on Monday, reaching a 2-1/2-week peak against the yen, lifted after the US Senate approved a tax overhaul at the weekend.
The partially convertible currency is currently trading at 64.38, stronger by 8 paise from its previous close of 64.46 on Thursday. The currency touched a high and low of 64.5350 and 64.3400 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 64.43 and for Euro stood at 76.48 on November 30, 2017. While the RBI's reference rate for the Yen stood at 57.46, the reference rate for the Great Britain Pound (GBP) stood at 86.79. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| November 30, 2017 | 64.4332 | 86.7980 |
| November 29, 2017 | 64.4058 | 86.1428 |
(RBI-Reference Rate)
