Indian rupee strengthened against the dollar in early deals on Monday on the back of sustained selling of the US currency by exporters and banks amid higher opening in the domestic equity market. Further, weakness in the dollar against some other currencies overseas too supported the rupee. On the global front, the dollar steadied against the euro and yen on Monday following last week's large swings, as the market braced for Japanese and US central bank policy meetings that could provide investors with fresh incentive.
The partially convertible currency is currently trading at 67.02, stronger by 3 paise from its previous close of 67.05 on Friday. The currency touched a high and low of 67.0375 and 66.68 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.08 and for Euro stood at 74.94 on March 11, 2016. While the RBI’s reference rate for the Yen stood at 59.13, the reference rate for the Great Britain Pound (GBP) stood at 95.7530. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| March 11, 2016 | 67.0868 | 95.7530 |
| March 10, 2016 | 67.0510 | 95.2258 |
