Indian rupee was trading marginally stronger after a negative start on Thursday, earlier the rupee weakened on increased demand for the American currency from importers. Further, the dollar’s gains against major world currencies after a strong US manufacturing data also impacted the rupee sentiment. Meanwhile, domestic equity markets opened in the green following global cues. On the global front, the dollar edged up on Thursday after upbeat US data and supportive minutes from the Federal Reserve’s latest policy meeting helped it shake off recent weakness.
The partially convertible currency is currently trading at 63.38, stronger by 15 paise from its previous close of 63.53 on Wednesday. The currency touched a high and low of 63.6150 and 63.3675 respectively. The Reserve Bank of India's (RBI) reference rate for the dollar stood at 63.48 and for Euro stood at 76.54 on January 03, 2018. While the RBI's reference rate for the Yen stood at 56.55, the reference rate for the Great Britain Pound (GBP) stood at 86.40. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| January 03, 2018 | 63.4833 | 86.4071 |
| January 02, 2018 | 63.6728 | 86.1111 |
