Indian rupee improved marginally against the US dollar on Thursday as the US Congress gave its final seal of approval to sweeping tax legislation. Dubbed as the biggest overhaul of the US tax code in 30 years . Further, a positive start from equities created more room for the rupee. On the global front, the dollar traded near a one-week high against the yen on Thursday, supported by a rise in US bond yields and showing limited reaction after the Bank of Japan kept interest rates steady as expected.
The partially convertible currency is currently trading at 64.09, stronger by 2 paise from its previous close of 64.11 on Wednesday. The currency touched a high and low of 64.1350 and 64.0100 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 64.05 and for Euro stood at 75.82 on December 20, 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 85.76. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| December 20, 2017 | 64.0577 | 85.7604 |
| December 19, 2017 | 64.1205 | 85.7932 |
(RBI-Reference Rate)
