Indian rupee strengthened against US dollar on Friday on account of fresh selling of the American currency by banks and exporters. The rupee sentiment was also improved by a firm domestic equity market. On the global front, the euro jumped more than a half cent on Friday after European Union leaders reached an agreement on migration, a thorny issue that has threatened EU unity and the fate of German Chancellor Angela Merkel.
The partially convertible currency is currently trading at 68.58, stronger by 21 paise from its previous close of 68.79 on Thursday. The currency touched a high and low of 68.6700 and 68.4825 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 68.93 and for Euro stood at 79.63 on June 28, 2018. While the RBI’s reference rate for the Yen stood at 62.53, the reference rate for the Great Britain Pound (GBP) stood at 90.21. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| June 28, 2018 | 68.9389 | 90.2134 |
| June 27, 2018 | 68.5246 | 90.6032 |
(RBI-Reference Rate)
