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Rupee strengthens on weakening of American currency in overseas markets
Apr-18-2019

Indian rupee strengthened against the US dollar on Thursday, driven by weakening of the American currency in overseas markets. Besides, selling of the American currency by exporters, and sustained foreign fund inflows too supported the domestic unit. Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 1,038.58 crore Tuesday, as per provisional data. Currency market was shut on Wednesday on account of ‘Mahavir Jayanti’. On the global front, the euro was steady after evidence of strength in China improved the outlook for the global economy, with the market looking next to European indicators to provide the currency with a further boost.

The partially convertible currency is currently trading at 69.45, stronger by 15 paise from its previous close of 69.60 on Tuesday. The currency touched a high and low of 69.5400 and 69.4400 respectively. The reference rate for the dollar stood at 69.57 and for Euro stood at 78.64 on April 16, 2019. While the reference rate for the Yen stood at 62.16, the reference rate for the Great Britain Pound (GBP) stood at 91.08.

Date 1US$1GBP
April 16, 2019 69.577091.0860
April 15, 201969.229390.6193

(Reference Rate)

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