Indian rupee strengthened against the dollar on Tuesday on fresh selling of the US currency by exporters and banks. Besides, dollar’s weakness against some other currencies overseas and a higher opening in the domestic equity market also supported rupee’s uptrend. On the global front, Sterling steadied somewhat in Asian trade on Tuesday after weekend comments from British Prime Minister Theresa May sent it skidding to 2-1/2-month lows, while the dollar wallowed well below recent highs as the perceived safe-haven yen gained.
The partially convertible currency is currently trading at 68.0575, stronger by 14 paise from its previous close of 68.20 on Monday. The currency touched a high and low of 68.0650 and 67.9825 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 68.18 and for Euro stood at 71.82 on January 9, 2017. While the RBI’s reference rate for the Yen stood at 58.10, the reference rate for the Great Britain Pound (GBP) stood at 83.12.The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| January 09, 2016 | 68.1863 | 83.1259 |
| January 06, 2016 | 67.9522 | 84.0976 |
(RBI-Reference Rate)
