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Rupee strengthens against dollar in early deals on Tuesday

10 Nov 2015 Evaluate

Indian rupee strengthened against dollar in early deals on Tuesday, on fresh selling of the American currency by exporters. Moreover, weak dollar against some major basket of currencies too supported the rupee. Though, a lower opening in the domestic equity market, capped the gains. On the global front, the dollar hovered just below a seven-month peak against a basket of major currencies early on Tuesday, having consolidated its payrolls-inspired rally in a subdued session overnight.

The partially convertible currency is currently trading at 66.33, stronger by 11 paise from its previous close of 66.44 on Monday. The currency touched a high and low of 66.45 and 66.3250 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.33 and for Euro stood at 71.44 on November 09, 2015. While, the RBI’s reference rate for the Yen stood at 53.79 the reference rate for the Great Britain Pound (GBP) stood at 100.0308. The reference rates are based on 12 noon rates of a few select banks in Mumbai.

Date 1US$1GBP
November 09, 201566.3378100.0308
November 06, 201565.791099.9497

(RBI-Reference Rate)