Indian rupee strengthened against dollar, continuing its winning run for the fourth straight day in early deal on Friday, tracking gains in Asian currencies as the US dollar weakened against other currencies overseas. Further, sustained selling of the American currency by exporters and higher opening in the domestic equity market also supported the rupee. On the global front, the dollar slipped in early Asian trading on Friday, as disappointing US employment data and caution ahead of Greece's referendum on bailout conditions kept the market mood subdued. Weak non-payroll data in the US has diminished hopes of the kick start of the US Fed rate hikes this calendar.
The partially convertible currency is currently trading at 63.38, stronger by 13 paise from its previous close of 63.51 on Thursday. The currency touched a high and low of 63.45 and 63.3550 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.57 and for Euro stood at 70.35 on July 2, 2015. While, the RBI’s reference rate for the Yen stood at 51.52, the reference rate for the Great Britain Pound (GBP) stood at 99.2018. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| July 02, 2015 | 63.5705 | 99.2018 |
| July 01, 2015 | 63.6223 | 99.8934 |
(RBI-Reference Rate)
