Indian rupee strengthened against dollar in early deals on Thursday on sustained bouts of selling of the US currency by banks and exporters amid foreign capital inflows. Rupee improved further on positive trading in most Asian market currencies on the back of strong US jobs data. Higher opening of domestic equities also supported the rupee, but the dollar's strength against some currencies overseas limited the gain. On the global front, the dollar gained in Asia on Thursday, on the eve of a US jobs report that some investors hope will boost expectations that the Federal Reserve remains on track to hike US interest rates this year.
The partially convertible currency is currently trading at 67.37, stronger by 17 paise from its previous close of 67.54 on Wednesday. The currency touched a high and low of 67.45 and 67.3525 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.70 and for Euro stood at 73.53 on March 02, 2016. While the RBI’s reference rate for the Yen stood at 59.42, the reference rate for the Great Britain Pound (GBP) stood at 94.6003. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| March 02, 2016 | 67.7022 | 94.6003 |
| March 01, 2016 | 68.1580 | 95.0395 |
