Indian rupee strengthened against the US dollar on Tuesday on account of some selling in American currency by banks and exporters amid sustained foreign fund inflows. On Monday, overseas investors bought shares worth Rs 329.6 crore in the Indian capital market while domestic investors (DIIs) were the net sellers to the tune of Rs 623.81 crore. On the global front, the dollar was shackled by a combination of weak US economic data and gains for commodity-linked currencies such as the Canadian and Australian dollars which drew support from an extended surge in crude oil prices.
The partially convertible currency is currently trading at 69.54, stronger by 13 paise from its previous close of 69.67 on Monday. The currency touched a high and low of 69.7300 and 69.5100 respectively. The reference rate for the dollar stood at 69.51 and for Euro stood at 78.04 on April 8, 2019. While the reference rate for the Yen stood at 62.38, the reference rate for the Great Britain Pound (GBP) stood at 90.78.
| Date | 1US$ | 1GBP |
| April 08, 2019 | 69.5142 | 90.7804 |
| April 05, 2019 | 69.1965 | 90.6354 |
(Reference Rate)
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