Indian rupee strengthened against the US dollar on Friday due to higher opening of domestic equity markets and the US dollar trading weak against some currencies in global markets. However, month-end demand for the American currency from importers amid sustained foreign capital outflows, limited the up move. On the global front, the dollar held near a 3-1/2-month high against a basket of currencies on Friday as higher US yields prompted an unwinding of short positions in the currency while the euro was hampered by a dovish tone from the European Central Bank.
The partially convertible currency is currently trading at 66.73, stronger by 2 paise from its previous close of 66.75 on Thursday. The currency touched a high and low of 66.8300 and 66.6725 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.82 and for Euro stood at 81.37 on April 26, 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 93.16. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| April 26, 2018 | 66.8299 | 93.1676 |
| April 25, 2018 | 66.6983 | 93.1375 |
(RBI-Reference Rate)
