Indian rupee strengthened against the US dollar on Friday, tracking firm cues from other Asian currency markets. Besides, sustained selling of the American currency by banks and exporters too supported the domestic currency. Further, strong foreign fund inflows and a higher opening of the domestic equity market gave the local unit more strength. On the global front, sterling stayed on the defensive on Friday after unambiguously dovish comments from the Bank of England abruptly ended a tentative recovery in the currency, while the euro wobbled on speculation of more stimulus in Europe.
The partially convertible currency is currently trading at 67.46, stronger by 6 paise from its previous close of 67.52 on Thursday. The currency touched a high and low of 67.4950 and 67.4050 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.61 and for Euro stood at 75.00 on June 30, 2016. While the RBI’s reference rate for the Yen stood at 65.91, the reference rate for the Great Britain Pound (GBP) stood at 90.5183. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| June 30, 2016 | 67.6166 | 90.5183 |
| June 29, 2016 | 67.7443 | 90.4928 |
