Indian rupee was trading stronger against US dollar in early trade on Monday on selling of the American currency by the exporters as the economy grew at 7.5 percent in the March quarter. Besides, higher opening in the domestic equity market and fresh capital inflows too supported the rupee. Though, dollar's strength against other currencies overseas limited the gains.
The partially convertible currency is currently trading at 63.61, stronger by 22 paise from its previous close of 63.83 on Friday. The currency touched a high and low of 63.79 and 63.58 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.76 and for Euro stood at 69.90 on May 29, 2015. While, the RBI’s reference rate for the Yen stood at 51.48, the reference rate for the Great Britain Pound (GBP) stood at 97.7974. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| May 29, 2015 | 63.7615 | 97.7974 |
| May 28, 2015 | 63.9010 | 98.1647 |
(RBI-Reference Rate)
