Indian rupee strengthened against dollar in early trade on Monday due to fresh dollar selling by exporters and banks. Besides, higher opening in the domestic equity market and weakness of the dollar against other currencies also supported the rupee. However, investors are likely to remain cautious ahead of the domestic consumer price inflation data due later in the day and the two-day US Federal Reserve policy review starting September 16. On the global front, the dollar, euro and yen all got off to a slow start on Monday with investors sticking to the sidelines as the countdown begins on whether the Federal Reserve will hike interest rates for the first time in nearly a decade.
The partially convertible currency is currently trading at 66.38, stronger by 15 paise from its previous close of 66.53 on Friday. The currency touched a high and low of 66.49 and 66.3650 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.38 and for Euro stood at 74.89 on September 11, 2015. While, the RBI’s reference rate for the Yen stood at 55.00, the reference rate for the Great Britain Pound (GBP) stood at 102.5939. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| September 11, 2015 | 66.3866 | 102.5939 |
| September 10, 2015 | 66.5840 | 102.2930 |
(RBI-Reference Rate)
