Indian rupee strengthened against the US dollar on Tuesday on some selling of the American currency by exporters and banks. Further, firm domestic equities too lifted the domestic currency. On the global front, the dollar set a three-month high against a basket of currencies on Tuesday, having gained a boost as the US 10-year Treasury yield climbed toward the psychologically key 3 percent level.
The partially convertible currency is currently trading at 66.34, stronger by 14 paise from its previous close of 66.48 on Monday. The currency touched a high and low of 66.4475 and 66.3300 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.21 and for Euro stood at 81.26 on April 23, 2018. While the RBI’s reference rate for the Yen stood at 61.40, the reference rate for the Great Britain Pound (GBP) stood at 92.84. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| April 23, 2018 | 66.2177 | 92.8438 |
| April 20, 2018 | 66.0167 | 92.7271 |
(RBI-Reference Rate)
