Indian rupee traded marginally higher against dollar in early deals on Monday due to increased selling of the US currency by banks and exporters amid sustained foreign fund inflows. Further, weakening of dollar overseas where it dropped to about three-week low against basket of major currencies also helped rupee strengthen against the dollar. On the global front, the dollar hovered near a three-week low versus a basket of major currencies on Monday, hampered by doubts that the US Federal Reserve will raise interest rates by year-end.
The partially convertible currency is currently trading at 64.73, little changed from its previous close of 64.74 on Friday. The currency touched a high and low of 64.81 and 64.69 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 64.78 and for Euro stood at 73.08 on October 9, 2015. While, the RBI’s reference rate for the Yen stood at 53.96 the reference rate for the Great Britain Pound (GBP) stood at 99.5418. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| October 09, 2015 | 64.7848 | 99.5418 |
| October 08, 2015 | 65.1570 | 99.7814 |
(RBI-Reference Rate)
