Indian rupee was trading flat against the US dollar on Thursday amid persistent foreign fund outflows. Meanwhile, the rise of euro and yen against the greenback strengthened rupee. On the global front, major currencies were on tenterhooks on Thursday on the eve of Washington’s deadline to impose tariffs on Chinese imports while the yuan held steady after the central bank this week sought to stem its recent tumble.
The partially convertible currency is currently trading flat from its previous close of 68.74 on Wednesday. The currency touched a high and low of 68.8675 and 68.6900 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 68.53 and for Euro stood at 80.02 on July 04, 2018. While the RBI’s reference rate for the Yen stood at 62.09, the reference rate for the Great Britain Pound (GBP) stood at 90.52. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| July 04, 2018 | 68.5312 | 90.5229 |
| July 03, 2018 | 68.6935 | 90.3457 |
(RBI-Reference Rate)
