Indian rupee strengthened against the US dollar on Friday amid a dip in crude oil prices and fresh foreign fund inflows. Foreign institutional investors (FIIs) net bought equities worth Rs 55 crore Thursday, while domestic institutional investors bought shares to the tune of Rs 202 crore, provisional data showed. On the global front, higher US bond yields underpinned the dollar, while its Australian counterpart steadied after its recent sharp slide on upbeat central bank comments and easing concerns about China’s ban on Australian coal imports.
The partially convertible currency is currently trading at 71.17, stronger by 7 paise from its previous close of 71.24 on Thursday. The currency touched a high and low of 71.2425 and 71.1300 respectively. The reference rate for the dollar stood at 71.15 and for Euro stood at 80.62 on February 21, 2019. While the reference rate for the Yen stood at 64.24, the reference rate for the Great Britain Pound (GBP) stood at 92.72.
| Date | 1US$ | 1GBP |
| February 21, 2019 | 71.1540 | 92.7213 |
| February 20, 2019 | 71.1773 | 92.9272 |
(Reference Rate)
