Indian rupee strengthened against dollar in early deals on Thursday on increased selling of the US currency by exporters. Besides, dollar’s weakness against major world currencies too influenced the rupee sentiment. Furthermore, local stock markets too were in the positive zone in line with Asian markets which also supported the rupee. On the global front, the dollar wallowed around seven-week lows against a basket of currencies in Asian trading on Thursday, after weak US sales data prompted investors to scale back bets that the US Federal Reserve would hike interest rates by the end of 2015.
The partially convertible currency is currently trading at 64.84, stronger by 19 paise from its previous close of 65.03 on Wednesday. The currency touched a high and low of 64.8725 and 64.7150 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 65.11 and for Euro stood at 74.24 on October 14, 2015. While, the RBI’s reference rate for the Yen stood at 54.41 the reference rate for the Great Britain Pound (GBP) stood at 99.4981. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| October 14, 2015 | 65.1123 | 99.4981 |
| October 13, 2015 | 65.0215 | 99.8860 |
(RBI-Reference Rate)
