Indian rupee strengthened against the US dollar in early trade on Thursday on increased selling of the American currency by bankers and exporters. Besides, weakening of dollar overseas against other currencies and gain in stock market in early trade also supported the domestic currency. Rupee appreciated further tracking gains in other Asian currencies, reflecting confidence that the UK will vote to remain a member of the European Union. On the global front, the pound advanced to a six-month high against the dollar on Thursday after the latest polls favored Britain remaining in the European Union, just hours before referendum voting was due to open.
The partially convertible currency is currently trading at 67.31, stronger by 16 paise from its previous close of 67.47 on Wednesday. The currency touched a high and low of 67.40 and 67.3050 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.55 and for Euro stood at 76.03 on June 22, 2016. While the RBI’s reference rate for the Yen stood at 64.61, the reference rate for the Great Britain Pound (GBP) stood at 99.1534. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| June 22, 2016 | 67.5570 | 99.1534 |
| June 21, 2016 | 67.4767 | 99.2582 |
