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Rupee strengthens on selling of American currency by exporters
Apr-11-2019

Indian rupee strengthened against the US dollar on Thursday due to selling of the American currency by exporters. Inflation and industrial production number will be released on Friday, but are likely to have minimal impact on the currency. Expectation is that inflation in March could inch higher compared to the previous month, which could keep the gains capped for the rupee. On the global front, the dollar hovered near two-week lows on Thursday as Federal Reserve minutes reinforced its recent dovish policy tilt while the pound held steady after European leaders extended the deadline for Britain to leave the union.

The partially convertible currency is currently trading at 68.98, stronger by 13 paise from its previous close of 69.11 on Wednesday. The currency touched a high and low of 69.2025 and 68.9550 respectively. The reference rate for the dollar stood at 69.14 and for Euro stood at 77.91 on April 10, 2019. While the reference rate for the Yen stood at 62.21, the reference rate for the Great Britain Pound (GBP) stood at 90.37.

Date 1US$1GBP
April 10, 201969.148290.3799
April 09, 201969.539790.9538

(Reference Rate)

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