Indian rupee recovered against dollar in early trade on Tuesday on account of fresh selling of the US currency by exporters and banks. Further, gains in the Asian currencies market also boosted sentiment. However, a lower opening in the domestic equity market capped the rupee's gain. On the global front, the dollar hovered near an 8-month high against a basket of currencies on Tuesday, underpinned by lingering expectations the US Federal Reserve is on course to raise interest rates in December.
The partially convertible currency is currently trading at 66.40, stronger by 8 paise from its previous close of 66.48 on Monday. The currency touched a high and low of 66.41 and 66.34 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.34 and for Euro stood at 70.46 on November 23, 2015. While, the RBI’s reference rate for the Yen stood at 53.87 the reference rate for the Great Britain Pound (GBP) stood at 100.664. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| November 23, 2015 | 66.3490 | 100.6647 |
| November 20, 2015 | 66.0940 | 101.0379 |
(RBI-Reference Rate)
