Indian rupee strengthened against dollar in early deals on Thursday, on back of increased selling of the US currency by exporters and banks amid sustained foreign capital inflows. However, a subdued trend in domestic equities and dollar’s strength against other currencies overseas restricted the gains. On the global front, the euro came under bearish pressure in Asian trade on Thursday ahead of a European Central Bank meeting that is expected to result in further easing steps, while the kiwi skidded after the Reserve Bank of New Zealand surprised with an interest rate cut.
The partially convertible currency is currently trading at 67.09, stronger by 12 paise from its previous close of 67.21 on Wednesday. The currency touched a high and low of 67.27 and 67.06 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.46 and for Euro stood at 74.06 on March 09, 2016. While the RBI’s reference rate for the Yen stood at 59.92, the reference rate for the Great Britain Pound (GBP) stood at 95.6965. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| March 09, 2016 | 67.4632 | 95.6965 |
| March 08, 2016 | 67.3380 | 95.9028 |
(RBI-Reference Rate)
