Indian rupee strengthened against US dollar on Monday on account of some selling in American currency by banks and exporters. Further, fresh foreign fund inflows and positive sentiment on Dalal Street also buoyed the domestic currency. Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 1,095.06 crore on Friday, as per provisional data. On the global front, the US dollar depreciated against most Asian currencies after Federal Reserve Chairman Jerome Powell said the central bank was in no hurry to change interest rates.
The partially convertible currency is currently trading at 69.93, stronger by 21 paise from its previous close of 70.14 on Friday. The currency touched a high and low of 70.0350 and 69.8400 respectively. The reference rate for the dollar stood at 70.10 and for Euro stood at 78.54 on March 8, 2019. While the reference rate for the Yen stood at 63.13, the reference rate for the Great Britain Pound (GBP) stood at 91.79.
| Date | 1US$ | 1GBP |
| March 08, 2019 | 70.1010 | 91.7954 |
| March 07, 2019 | 70.0268 | 92.2575 |
(Reference Rate)
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