Indian rupee strengthened against dollar in early deals on Monday on account of fresh selling of the US currency by banks and exporters. Further, dollar’s weakness against some currencies overseas also supported the rupee. However, a weak trend at domestic stock markets in early volatile trade capped the rupee’s gains. On the global front, the safe haven yen shed Monday's earlier gains after China's central bank unveiled a fresh step to curb offshore speculation in the yuan and also set a firmer guidance rate, soothing worries about the risk of a rapid fall in the yuan.
The partially convertible currency is currently trading at 67.58, stronger by 2 paise from its previous close of 67.60 on Friday. The currency touched a high and low of 67.62 and 67.49 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.43 and for Euro stood at 73.38 on January 15, 2016. While, the RBI’s reference rate for the Yen stood at 57.25 the reference rate for the Great Britain Pound (GBP) stood at 97.1095. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| January 15, 2016 | 67.4325 | 97.1095 |
| January 14, 2016 | 67.0950 | 96.6369 |
(RBI-Reference Rate)
