Indian rupee strengthened against US dollar in early trade on Wednesday due to weak dollar against basket of currencies overseas. Further, fresh selling of dollar by banks and exporters too supported local currency. The Forex market was closed on Tuesday on account of Parsi New Year.
The partially convertible currency is currently trading at 65.27, stronger by 4 paise from its previous close of 65.31 on Monday. The currency touched a high and low of 65.4050 and 65.2250 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 65.22 and for Euro stood at 72.39 on August 17, 2015. While, the RBI’s reference rate for the Yen stood at 52.42, the reference rate for the Great Britain Pound (GBP) stood at 102.2324. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| August 17, 2015 | 65.2200 | 102.2324 |
| August 14, 2015 | 65.1225 | 101.6171 |
(RBI-Reference Rate)
