Indian rupee strengthened against the US dollar on Thursday due to selling of the American currency by exporters. Inflation and industrial production number will be released on Friday, but are likely to have minimal impact on the currency. Expectation is that inflation in March could inch higher compared to the previous month, which could keep the gains capped for the rupee. On the global front, the dollar hovered near two-week lows on Thursday as Federal Reserve minutes reinforced its recent dovish policy tilt while the pound held steady after European leaders extended the deadline for Britain to leave the union.
The partially convertible currency is currently trading at 68.98, stronger by 13 paise from its previous close of 69.11 on Wednesday. The currency touched a high and low of 69.2025 and 68.9550 respectively. The reference rate for the dollar stood at 69.14 and for Euro stood at 77.91 on April 10, 2019. While the reference rate for the Yen stood at 62.21, the reference rate for the Great Britain Pound (GBP) stood at 90.37.
| Date | 1US$ | 1GBP |
| April 10, 2019 | 69.1482 | 90.3799 |
| April 09, 2019 | 69.5397 | 90.9538 |
(Reference Rate)
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: