Indian rupee strengthened marginally against dollar, continuing its winning streak for the third straight day in early deal on Thursday. Higher opening in the domestic equity markets too supported rupee. However, increased demand for the dollar from importers capped some gains of the local currency. On the global front, the dollar stayed bid early in Asia on Thursday as the market geared up for a deluge of US data that could back expectations for the Federal Reserve to lift interest rates sooner rather than later.
The partially convertible currency is currently trading at 63.57, stronger by 3 paise from its previous close of 63.60 on Wednesday. The currency touched a high and low of 63.6625 and 63.5525 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.62 and for Euro stood at 70.76 on July 1, 2015. While, the RBI’s reference rate for the Yen stood at 51.85, the reference rate for the Great Britain Pound (GBP) stood at 99.8934. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| July 01, 2015 | 63.6223 | 99.8934 |
| June 30, 2015 | 63.7549 | 100.1207 |
(RBI-Reference Rate)
