Indian rupee recovered marginally against US dollar on Friday, amid firm domestic equity market and fresh foreign fund inflows. Foreign funds bought shares worth Rs 3,006.41 crore from the capital markets on a net basis Thursday. Though, investors are remaining cautious due to ongoing interim Budget. On the global front, the dollar fell to two-week lows against the yen on Thursday, pressured by the Federal Reserve’s cautious outlook on the US economy, which suggested that the central bank is near the end of its tightening cycle.
The partially convertible currency is currently trading at 71.07, stronger by 1 paise from its previous close of 71.08 on Thursday. The currency touched a high and low of 71.2200 and 70.9750 respectively. The reference rate for the dollar stood at 71.03 and for Euro stood at 81.68 on January 31, 2019. While the reference rate for the Yen stood at 65.30, the reference rate for the Great Britain Pound (GBP) stood at 93.23.
| Date | 1US$ | 1GBP |
| January 31, 2019 | 71.0333 | 93.2383 |
| January 30, 2019 | 71.2442 | 93.2867 |
(Reference Rate)
