Indian rupee was trading marginally stronger against US dollar after a negative start on Thursday. Earlier, the rupee weakened due to increased demand for the US currency from importers amid fresh foreign funds outflow. While, strong domestic equities tracking mostly higher Asian markets helping the rupee sentiment. On the global front, the dollar hovered above its recent lows against major rivals on Thursday, benefiting from the euro’s weakness and higher US yields but capped by concerns about recent equity market volatility.
The partially convertible currency is currently trading at 64.19, stronger by 9 paise from its previous close of 64.28 on Wednesday. The currency touched a high and low of 64.3850 and 64.1700 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.13 and for Euro stood at 79.43 on February 07, 2018. While the RBI's reference rate for the Yen stood at 58.71, the reference rate for the Great Britain Pound (GBP) stood at 89.49. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| February 07, 2018 | 64.1377 | 89.4977 |
| February 06, 2018 | 64.2723 | 89.7177 |
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