Indian rupee weakened against the US dollar on Monday owing to increased demand for the American currency from importers and banks. Further, strong US job data and rising crude oil prices in overseas market added pressure to the domestic unit. However, sustained foreign fund inflows restricted the downside of domestic currency. Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 797.90 crore Friday, as per the provisional data. On the global front, the dollar sagged on Monday as bond yields extended their decline after a US jobs report showed wage growth lose momentum even as employment increased. The closely watched data released on Friday showed nonfarm payrolls rose by a solid 196,000 in March, topping expectations and giving riskier assets a much-needed lift. While, wage gains slowed in March, with average hourly earnings rising a modest 0.1 percent after jumping 0.4 percent in February.
The partially convertible currency is currently trading at 69.51, weaker by 28 paise from its previous close of 69.23 on Friday. The currency touched a high and low of 69.6000 and 69.3800 respectively. The reference rate for the dollar stood at 69.19 and for Euro stood at 77.73 on April 5, 2019. While the reference rate for the Yen stood at 61.96, the reference rate for the Great Britain Pound (GBP) stood at 90.63.
| Date | 1US$ | 1GBP |
| April 05, 2019 | 69.1965 | 90.6354 |
| April 04, 2019 | 68.8446 | 90.7675 |
(Reference Rate)
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