Indian rupee strengthened against dollar in early trade on Monday on fresh selling of the American currency by exporters and banks amid a higher opening in the domestic equity market. Though, dollar’s strength against other currencies overseas capped some gains. On the global front, the dollar remained close to a nearly four-month high against a basket of currencies in early Asian trade on Monday, after solid US jobs data backed expectations that the US Federal Reserve was on track to raise interest rates as early as September.
The partially convertible currency is currently trading at 63.77, stronger by 4 paise from its previous close of 63.81 on Friday. The currency touched a high and low of 63.79 and 63.7575 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 63.80 and for Euro stood at 69.65 on August 07, 2015. While, the RBI’s reference rate for the Yen stood at 51.13, the reference rate for the Great Britain Pound (GBP) stood at 98.9250. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| August 07, 2015 | 63.8061 | 98.9250 |
| August 06, 2015 | 63.7603 | 99.6000 |
(RBI-Reference Rate)
