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Rupee weakens on fresh dollar demand from importers
Apr-15-2019

Indian rupee weakened against US dollar on Monday, on increased demand for the greenback from importers and banks. Sentiments remained weak with data showing that India's retail inflation saw a marginal rise of 2.86% in March on account of increase in prices of food articles and fuel. Also, industrial growth fell to its lowest in 20 months in February, barely rising from a year ago as manufacturing contracted following muted consumer demand, and public investment slowed toward the fiscal year-end. However, sustained foreign fund inflows and positive opening in domestic equities supported the rupee and restricted the fall. On the global front, US dollar edged down on Monday the University of Michigan reported on Friday that US consumer sentiment was below expectations.

The partially convertible currency is currently trading at 69.27, weaker by 10 paise from its previous close of 69.17 on Friday. The currency touched a high and low of 69.3400 and 69.0500 respectively. The reference rate for the dollar stood at 69.32 and for Euro stood at 78.23 on April 15, 2019. While the reference rate for the Yen stood at 61.99, the reference rate for the Great Britain Pound (GBP) stood at 90.55.

Date1US$1GBP
April 12, 201969.324090.5589
April 11, 201968.974290.2762

(Reference Rate)


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