Indian rupee was trading marginally weaker after a positive start on Friday. Earlier, the rupee strengthened on increased selling of the American currency by exporters and banks. Dollar's weakness against some currencies overseas, rise in oil prices, and gains in domestic equity market also supported the rupee. On the global front, Sterling scaled an 11-week high on Friday after The Sun reported that Northern Ireland’s Democratic Unionist Party has privately decided to offer conditional backing for Prime Minister Theresa May’s Brexit deal next week.
The partially convertible currency is currently trading at 71.11, weaker by 4 paise from its previous close of 71.07 on Thursday. The currency touched a high and low of 71.1125 and 70.9500 respectively. The reference rate for the dollar stood at 71.28 and for Euro stood at 81.11 on January 24, 2019. While the reference rate for the Yen stood at 64.97, the reference rate for the Great Britain Pound (GBP) stood at 93.14.
| Date | 1US$ | 1GBP |
| January 24, 2019 | 71.2820 | 93.1456 |
| January 23, 2019 | 71.2039 | 92.2067 |
(Reference Rate)
