Indian rupee weakened against the US dollar on Thursday as the American currency strengthened against some currencies overseas. Though, a reversal in foreign fund outflows, capped some losses. Foreign institutional investors (FIIs), who had been heavy sellers over the past few sessions, net bought equities worth Rs 713.47 crore Wednesday, provisional data showed. On the global front, the dollar inched up after minutes from the Federal Reserve’s last meeting revived expectations for a possible US rate hike this year while investors shifted their focus back to trade issues for fresh directional cues.
The partially convertible currency is currently trading at 71.14, weaker by 4 paise from its previous close of 71.10 on Wednesday. The currency touched a high and low of 71.1525 and 70.9175 respectively. The reference rate for the dollar stood at 71.17 and for Euro stood at 80.70 on February 20, 2019. While the reference rate for the Yen stood at 64.21, the reference rate for the Great Britain Pound (GBP) stood at 92.92.
| Date | 1US$ | 1GBP |
| February 20, 2019 | 71.1773 | 92.9272 |
| February 18, 2019 | 71.4705 | 92.2689 |
(Reference Rate)
