Indian rupee strengthened against US dollar on Friday due to some selling in American currency by banks and importers. The focus will now shift to RBI policy meeting which is scheduled next week. The expectation is that the central bank could consider cutting rates and could adopt a more dovish stance. Further, Foreign Institutional Investors (FIIs) bought shares worth Rs 3,594.51 crore in the Indian equity market on March 28, as per NSE data. On the global front, the dollar was poised on Friday for its strongest gain in five months as investors responded positively to a bounce in US Treasury yields and as some of its rivals was hit by dovish signals from their own central banks.
The partially convertible currency is currently trading at 69.05, stronger by 25 paise from its previous close of 69.30 on Thursday. The currency touched a high and low of 69.2000 and 69.0450 respectively. The reference rate for the dollar stood at 69.00 and for Euro stood at 77.68 on March 28, 2019. While the reference rate for the Yen stood at 62.69, the reference rate for the Great Britain Pound (GBP) stood at 91.02.
| Date | 1US$ | 1GBP |
| March 28, 2019 | 69.0038 | 91.0280 |
| March 27, 2019 | 68.9030 | 90.8753 |
(Reference Rate)
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