Indian rupee strengthened against dollar in morning deals on Tuesday, as exporters and banks stepped up dollar sale amid higher opening in the domestic equity market. Besides, weakness in the dollar against some other currencies overseas too supported the rupee. On the global front, the dollar and yen steadied and sterling crawled away from a 31-year low on Tuesday as risk aversion triggered by the shock of Brexit eased slightly, although many investors were still wary of calling a bottom for the battered pound.
The partially convertible currency is currently trading at 67.89, stronger by 5 paise from its previous close of 67.94 on Monday. The currency touched a high and low of 67.89 and 67.72 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.90 and for Euro stood at 74.88 on June 27, 2016. While the RBI’s reference rate for the Yen stood at 66.69, the reference rate for the Great Britain Pound (GBP) stood at 90.9113. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| June 27, 2016 | 67.90 | 90.9113 |
| June 24, 2016 | 68.0144 | 92.9553 |
