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Rupee weakens on buying in American currency by banks, importers
Jan-18-2019

Indian rupee weakened against US dollar on Friday due to some buying in American currency by banks and importers amid an uptick in global crude oil prices after reports that US was to begin lifting tariffs imposed on Chinese imports. Further, strengthening of the US dollar against some currencies overseas too weighed on the domestic unit. On the global front, the dollar was firm against the yen as growing optimism of progress in Sino-US trade talks supported broader appetite for risk.

The partially convertible currency is currently trading at 71.15, weaker by 12 paise from its previous close of 71.03 on Thursday. The currency touched a high and low of 71.2400 and 71.0500 respectively. The reference rate for the dollar stood at 71.34 and for Euro stood at 81.25 on January 17, 2019. While the reference rate for the Yen stood at 65.51, the reference rate for the Great Britain Pound (GBP) stood at 91.86.

Date1US$1GBP
January 17, 201971.341891.8616
January 16, 201971.184791.4619

(Reference Rate)

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