Indian rupee strengthened against dollar in early deals on Tuesday, on account of increased selling of the American currency by exporters. Further, weak dollar overseas also supported the rupee sentiment, but a lower opening of the domestic equity markets capped the gains. On the global front, the yen and euro edged higher on Tuesday as falls in Asian equities kept the focus on whether investors would need to further unwind carry trades, bets in risk assets funded by low-yielding currencies. Surveys of China's manufacturing and services sector that reinforced worries of a sharper slowdown in the economy helped keep the yen and euro on firm footings.
The partially convertible currency is currently trading at 66.27, stronger by 21 paise from its previous close of 66.48 on Monday. The currency touched a high and low of 66.46 and 66.23 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.30 and for Euro stood at 74.49 on August 31, 2015. While, the RBI’s reference rate for the Yen stood at 54.75, the reference rate for the Great Britain Pound (GBP) stood at 102.3105. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| August 31, 2015 | 66.3062 | 102.3105 |
| August 28, 2015 | 66.0808 | 101.9230 |
(RBI-Reference Rate)
