Indian rupee strengthened against dollar in early deals on Thursday due to fresh selling of the American currency by exporters. Besides, the dollar’s weakness against some currencies overseas too supported the rupee. However, fresh foreign fund outflows and a weak trade in the domestic equity market, restricted rupee’s gain. On the global front, the dollar slid to a 17-month low against the yen on Thursday, pressured by minutes of the U.S. Federal Reserve's meeting last month that underscored caution about future interest rate hikes.
The partially convertible currency is currently trading at 66.48, stronger by 18 paise from its previous close of 66.66 on Wednesday. The currency touched a high and low of 66.60 and 66.44 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.58 and for Euro stood at 75.62 on April 06, 2016. While the RBI’s reference rate for the Yen stood at 60.31, the reference rate for the Great Britain Pound (GBP) stood at 94.0918. The reference rates are based on 12 noon rates of a few select banks in Mumbai
| Date | 1US$ | 1GBP |
| April 06, 2016 | 66.5807 | 94.0918 |
| April 05, 2016 | 66.3248 | 94.4200 |
(RBI-Reference Rate)
