Indian rupee strengthened against the dollar in morning trade on Friday on increased selling of the US currency by exporters and banks amid a higher opening in the domestic equity market. Besides, dollar’s weakness against other currencies overseas too supported the rupee. Rupee firmed up further after the Reserve Bank of India (RBI) announced various measures to enhance for corporate bond markets. On the global front, the dollar remained on tenterhooks on Friday, on track for a modest weekly rise ahead of Federal Reserve Chair Janet Yellen's eagerly awaited speech that some believe could provide clarity on whether US interest rates will rise this year.
The partially convertible currency is currently trading at 67.02, stronger by 3 paise from its previous close of 67.05 on Thursday. The currency touched a high and low of 67.0250 and 66.98 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 67.09 and for Euro stood at 75.59 on August 25, 2016. While the RBI’s reference rate for the Yen stood at 66.84, the reference rate for the Great Britain Pound (GBP) stood at 88.66.The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| August 25, 2016 | 67.0876 | 88.6563 |
| August 24, 2016 | 67.1320 | 88.3860 |
