Indian rupee was trading stronger, recovering from a 21-month low, against the US dollar in early trade on Wednesday on fresh selling of the American currency by exporters and banks following a positive opening in the equity market. Besides, dollar's weakness against other currencies overseas too supported the rupee. On the global front, the dollar flat lined on Wednesday as tension mounted before the Federal Reserve delivers views on the US economy that could shed light on when US interest rates are likely to rise.
The partially convertible currency is currently trading at 64.11, stronger by 16 paise from its previous close of 64.27 on Tuesday. The currency touched a high and low of 64.1925 and 64.10 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.15 and for Euro stood at 72.27 on June 16, 2015. While, the RBI’s reference rate for the Yen stood at 51.91, the reference rate for the Great Britain Pound (GBP) stood at 100.0363. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| June 16, 2015 | 64.1505 | 100.0363 |
| June 15, 2015 | 64.0868 | 99.5717 |
(RBI-Reference Rate)
