Indian rupee strengthened against the US dollar in early deals on Tuesday on sustained selling of dollar by banks and exporters, strong foreign fund inflows and a firm domestic equity market. Rupee improved further on Reserve Bank of India’s (RBI) monetary policy review, RBI Governor Raghuram Rajan kept repo rates unchanged at 6.5% and also kept CRR at existing 4%. On the global front, the dollar edged up but still wallowed close to four-week lows against a basket of currencies on Tuesday, after Federal Reserve Chair Janet Yellen's remark failed to enthuse the recently floundering greenback.
The partially convertible currency is currently trading at 66.88, stronger by 12 paise from its previous close of 67.00 on Monday. The currency touched a high and low of 66.9350 and 66.84 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 66.96 and for Euro stood at 75.94 on June 06, 2016. While the RBI’s reference rate for the Yen stood at 62.60, the reference rate for the Great Britain Pound (GBP) stood at 96.1700. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| June 06, 2016 | 66.9614 | 96.1700 |
| June 03, 2016 | 67.2415 | 96.9017 |
