Indian rupee strengthened against the US dollar on Thursday on account of fresh selling of the American currency by exporters and banks. Also, higher opening in the domestic equity markets supported the local units’ up move. On the global front, the dollar traded near a 3-1/2-month high against a basket of currencies on Thursday, bolstered by higher US Treasury yields, led by the 10-year benchmark breaching the 3 percent threshold this week for the first time in four years.
The partially convertible currency is currently trading at 66.86, stronger by 4 paise from its previous close of 66.90 on Wednesday. The currency touched a high and low of 66.9100 and 66.7800 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.69 and for Euro stood at 81.42 on April 25, 2018. While the RBI’s reference rate for the Yen stood at 61.12, the reference rate for the Great Britain Pound (GBP) stood at 93.13. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| April 25, 2018 | 66.6983 | 93.1375 |
| April 24, 2018 | 66.3622 | 92.5089 |
(RBI-Reference Rate)
