Indian rupee strengthened against US dollar on Tuesday on account of selling of American currency by banks and exporters. Besides, dollar`s weakness against other currencies overseas supported the rupee. Further, a strong domestic equity market too supported the rupee sentiment. Forex market remained closed yesterday on account of Maharashtra Day. On the global front the dollar hit a one-month high against the yen on Tuesday, lifted by Treasury yields which surged after US Treasury Secretary Steven Mnuchin commented on the possibility of ultra long-term bond issuance.

The partially convertible currency is currently trading at 64.17, stronger by 8 paise from its previous close of 64.25 on Friday. The currency touched a high and low of 64.1725 and 63.9975 respectively. The Reserve Bank of Indias (RBI) reference rate for the dollar stood at 64.21 and for Euro stood at 69.88 on April 28, 2017. While the RBIs reference rate for the Yen stood at 57.72, the reference rate for the Great Britain Pound (GBP) stood at 82.82. The reference rates are based on 12 noon rates of a few select banks in Mumbai.

Date1US$1GBP
April 28, 2017 64.217082.8271
April 27, 201764.114182.5854
(RBI-Reference Rate)