Indian rupee strengthened against the US dollar on Tuesday on account of increased selling of American currency by banks and exporters. Further, the dollar's weakness against some currencies overseas and a better opening of the domestic equity market also supported the rupee. On the global front, the dollar stuck to tight ranges against its major rivals on Tuesday as investors’ favoured caution ahead of US midterm elections later in the day.
The partially convertible currency is currently trading at 73.00, stronger by 12 paise from its previous close of 73.12 on Monday. The currency touched a high and low of 73.0650 and 72.9075 respectively. The reference rate for the dollar stood at 73.07 and for Euro stood at 83.25 on November 5, 2018. While the reference rate for the Yen stood at 64.50, the reference rate for the Great Britain Pound (GBP) stood at 94.98. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| November 05, 2018 | 73.0740 | 94.9845 |
| November 02, 2018 | 72.8798 | 94.7530 |
(Reference Rate)
