Indian rupee strengthened against dollar in early deals on Wednesday on fresh selling of the US currency by exporters and banks. Besides, the dollar’s weakness against major world currencies also strengthened the rupee sentiment. But, weak domestic equity markets capped the rupee gains. On the global front, the US dollar wobbled near a 3 1/2-week low against a basket of currencies on Wednesday as further signs of weakness in China fanned expectations that the U.S. Federal Reserve will have to wait longer before any policy tightening.
The partially convertible currency is currently trading at 65.17, stronger by 2 paise from its previous close of 65.19 on Tuesday. The currency touched a high and low of 65.18 and 65.0550 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 65.02 and for Euro stood at 73.91 on October 13, 2015. While, the RBI’s reference rate for the Yen stood at 54.26 the reference rate for the Great Britain Pound (GBP) stood at 99.8860. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| October 13, 2015 | 65.0215 | 99.8860 |
| October 12, 2015 | 64.7260 | 99.2962 |
(RBI-Reference Rate)
