Indian rupee strengthened against the US dollar on Wednesday after crude prices fell to a one-year low in the global market, easing concerns over expanding current account deficit and inflation. Besides, dollar-selling by exporters and banks and the US unit's weakness against some currencies overseas, too supported the domestic currency. On the global front, the euro and sterling climbed higher on Wednesday as investor confidence rose on news Britain had struck a draft divorce deal with the European Union after more than a year of talks.
The partially convertible currency is currently trading at 72.05, stronger by 62 paise from its previous close of 72.67 on Tuesday. The currency touched a high and low of 72.1775 and 71.9900 respectively. The reference rate for the dollar stood at 72.58 and for Euro stood at 81.61 on November 13, 2018. While the reference rate for the Yen stood at 63.69, the reference rate for the Great Britain Pound (GBP) stood at 93.49. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| November 13, 2018 | 72.5853 | 93.4908 |
| November 12, 2018 | 72.9078 | 93.9947 |
(Reference Rate)
