Indian rupee recovered marginally against US dollar on Wednesday, driven by gains in domestic equities and weakening of the green-back in overseas markets. Besides, selling of the American currency by exporters supported the Rupee. Furthermore, fresh foreign fund-flows and easing crude oil prices also supported the rupee up-move. Data showed Foreign funds purchased shares worth Rs 159.60 crore from the capital markets on a net basis, while domestic institutional investors purchased shares worth Rs 417.44 crore Tuesday.
The partially convertible currency is currently trading at 71.04, stronger by 1 paisa from its previous close of 71.05 on Tuesday. The currency touched a high and low of 71.1200 and 70.9200 respectively. The reference rate for the dollar stood at 71.02 and for Euro stood at 81.50 on January 15, 2019. While the reference rate for the Yen stood at 65.37, the reference rate for the Great Britain Pound (GBP) stood at 91.62.
| Date | 1US$ | 1GBP |
| January 15, 2019 | 71.0298 | 91.6242 |
| January 14, 2019 | 70.8244 | 90.9640 |
(Reference Rate)
