Indian rupee strengthened against US dollar in early deals on Thursday following the gains in the Asian currencies as the US dollar weakened against other currencies overseas. Moreover, fresh selling of the American currency by exporters and higher opening in the domestic equity market too supported the rupee.
The partially convertible currency is currently trading at 63.51, stronger by 8 paise from its previous close of 63.59 on Wednesday. The currency touched a high and low of 63.5750 and 63.50 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.56 and for Euro stood at 69.93 on July 8, 2015. While, the RBI’s reference rate for the Yen stood at 52.17, the reference rate for the Great Britain Pound (GBP) stood at 98.22. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
Date | 1US$ | 1GBP |
July 08, 2015 | 63.5690 | 98.2205 |
July 07, 2015 | 63.3749 | 98.8585 |
(RBI-Reference Rate)