Indian rupee strengthened against the US dollar on Thursday on the back of fresh foreign fund inflows and steep fall in crude oil prices. Further, dollar's weakness against some currencies overseas and increased selling of the greenback by exporters and banks also supported the rupee. Forex market remained shut Wednesday on account of Eid-e-Milad. On the global front, the dollar drifted lower in Asian trade as demand for safe haven currencies remained subdued after a rebound in global equities, while the euro strengthened on hopes for a resolution of Italy’s budget dispute.
The partially convertible currency is currently trading at 71.17, stronger by 29 paise from its previous close of 71.46 on Tuesday. The currency touched a high and low of 71.1950 and 71.1000 respectively. The reference rate for the dollar stood at 71.32 and for Euro stood at 81.68 on November 20, 2018. While the reference rate for the Yen stood at 63.40, the reference rate for the Great Britain Pound (GBP) stood at 91.71. The reference rates are based on 12 noon rates of a few select banks in Mumbai.
| Date | 1US$ | 1GBP |
| November 20, 2018 | 71.3276 | 91.7197 |
| November 19, 2018 | 71.9007 | 92.1983 |
(Reference Rate)
