Indian rupee strengthened against the US dollar on Friday amid fresh selling of the American currency by exporters and banks. Besides, fresh foreign fund inflows too supported the domestic currency. Meanwhile, the government on Wednesday raised import duties on 19 non-essential items in a bid to check the widening current account deficit and tackle a sharp slide in the rupee. On the global front, the dollar was in fine fettle against its peers, advancing to a nine-month high versus the yen, after data reinforced upbeat views about the US economy and backed the Federal Reserve’s signal for a steady course of rate increases over the next year.
The partially convertible currency is currently trading at 72.55, stronger by 5 paise from its previous close of 72.60 on Thursday. The currency touched a high and low of 72.6650 and 72.4900 respectively. The reference rate for the dollar stood at 72.65 and for Euro stood at 85.04 on September 27, 2018. While the reference rate for the Yen stood at 64.47, the reference rate for the Great Britain Pound (GBP) stood at 95.43. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| September 27, 2018 | 72.6505 | 95.4347 |
| September 26, 2018 | 72.7182 | 95.7699 |
(Reference Rate)
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