Indian rupee marginally strengthened against dollar in early deals on Wednesday on increased selling of American currency by exporters and banks and a higher opening in the domestic equity market. Further, fall in dollar against major world currencies globally too supported domestic currency. On the global front, dollar steadied against the euro and yen on Wednesday as it awaited fresh cues from a US Congressional appearance by Federal Reserve Chair Janet Yellen later in the session.
The partially convertible currency is currently trading at 63.37, stronger by 2 paise from its previous close of 63.39 on Tuesday. The currency touched a high and low of 63.4250 and 63.35 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.49 and for Euro stood at 69.72 on July 14, 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 98.19. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| July 14, 2015 | 63.4978 | 98.1993 |
| July 13, 2015 | 63.4655 | 98.4731 |
(RBI-Reference Rate)
