Indian rupee strengthened against dollar in early deals on Monday on fresh selling of the American currency by exporters and banks. Besides, a strong opening in domestic equity markets too supported the rupee. Though, dollar's strength against other currencies overseas after a stronger- than-expected US jobs data strengthened market speculation that the Federal Reserve will raise interest rates next week, capped gains. Reports showed on Friday that US' total non-farm payroll employment increased by 211,000 in November, while the unemployment rate was unchanged at 5 percent.
The partially convertible currency is currently trading at 66.62, stronger by 7 paise from its previous close of 66.69 on Friday. The currency touched a high and low of 66.68 and 66.5650 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.83 and for Euro stood at 73.04 on December 04, 2015. While, the RBI’s reference rate for the Yen stood at 54.51 the reference rate for the Great Britain Pound (GBP) stood at 101.0434. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| December 04, 2015 | 66.8365 | 101.0434 |
| December 03, 2015 | 66.7450 | 99.6102 |
(RBI-Reference Rate)
