Indian rupee strengthened against the US dollar on Friday amid sustained selling of the US currency by exporters and banks. Further, a higher opening in the domestic equity market also supported the rupee’s up-move. On the global front, the dollar slipped to a three-year low against a basket of currencies on Friday, headed for its biggest weekly loss in two years, as bearish factors offset support the US currency could take from rising Treasury yields.
The partially convertible currency is currently trading at 63.85, stronger by 6 paise from its previous close of 63.91 on Thursday. The currency touched a high and low of 63.8625 and 63.8125 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.92 and for Euro stood at 79.67 on February 15, 2018. While the RBI’s reference rate for the Yen stood at 60.05, the reference rate for the Great Britain Pound (GBP) stood at 89.54. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| February 15, 2018 | 63.9222 | 89.5486 |
| February 14, 2018 | 64.1259 | 89.1735 |
