Indian rupee strengthened against dollar in early deals on Friday on increased selling of the American currency by exporters. Besides, weakness in dollar against other currencies overseas ahead of the US retail data supported the domestic unit. However, lower opening of the domestic equity markets, disappointing Index of industrial production (IIP) numbers and rising retail inflation, capped the rupee's gain. On the global front, the dollar was on the defensive against the euro and yen on Friday as risk appetite receded amid a tumble in equities to pull the greenback further away from its recent highs.
The partially convertible currency is currently trading at 66.13, stronger by 18 paise from its previous close of 66.31 on Tuesday. The currency touched a high and low of 66.23 and 66.1050 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.34 and for Euro stood at 71.29 on November 10, 2015. While, the RBI’s reference rate for the Yen stood at 53.80 the reference rate for the Great Britain Pound (GBP) stood at 100.2806. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| November 10, 2015 | 66.3495 | 100.2806 |
| November 09, 2015 | 66.3378 | 100.0308 |
(RBI-Reference Rate)
