Indian rupee strengthened against US dollar on Friday. However, strengthening of the American currency overseas and sustained foreign capital outflows restricted the rupee's gains. On the global front, the dollar stood little changed against its peers on Friday and investor caution prevailed with US tariffs on Chinese goods taking effect and market participants turning their attention to the closely-watched US jobs report due later in the day.
The partially convertible currency is currently trading at 68.87, stronger by 6 paise from its previous close of 68.93 on Thursday. The currency touched a high and low of 69.03 and 68.8150 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 68.75 and for Euro stood at 80.47 on July 5, 2018. While the RBI’s reference rate for the Yen stood at 62.17, the reference rate for the Great Britain Pound (GBP) stood at 91.07. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| July 05, 2018 | 68.7545 | 91.0722 |
| July 04, 2018 | 68.5312 | 90.5229 |
(RBI-Reference Rate)
