Indian rupee strengthened against US dollar on Monday due to increased selling of the greenback by exporters and banks. Further, higher opening of the domestic equity market also fuelled the uptrend. On the global front, the dollar traded near its 3-1/2-week lows against its peers after data last week showed slower-than-expected wage growth.
The partially convertible currency is currently trading at 68.70, stronger by 18 paise from its previous close of 68.88 on Friday. The currency touched a high and low of 68.70 and 68.57 respectively. The Reserve Bank of India’s (RBI) reference rate for the dollar stood at 68.87 and for Euro stood at 80.63 on July 6, 2018. While the RBI’s reference rate for the Yen stood at 62.25, the reference rate for the Great Britain Pound (GBP) stood at 91.14. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| July 06, 2018 | 68.8757 | 91.1432 |
| July 05, 2018 | 68.7545 | 91.0722 |
(RBI-Reference Rate)
