Indian rupee strengthened against the US dollar on Friday, driven by selling of the American currency by exporters and easing global crude prices. Further, positive opening in domestic equities, and sustained foreign fund inflows too supported the domestic unit. Foreign funds infused Rs 3,785.73 crore in capital market on a net basis, while domestic institutional investors sold shares worth Rs 4,069.98 crore Thursday, provisional data showed. On the global front, the dollar held steady close to a two-year high against its peers on Friday, supported by data showing strong US capital goods orders, while a first-quarter GDP report to be released later in the global day could further reinforce bullishness.
The partially convertible currency is currently trading at 70.11, stronger by 14 paise from its previous close of 70.25 on Thursday. The currency touched a high and low of 70.2200 and 70.0975 respectively. The reference rate for the dollar stood at 69.94 and for Euro stood at 78.05 on April 25, 2019. While the reference rate for the Yen stood at 62.49, the reference rate for the Great Britain Pound (GBP) stood at 90.25.
| Date | 1US$ | 1GBP |
| April 25, 2019 | 69.9418 | 90.2590 |
| April 24, 2019 | 69.9045 | 90.3460 |
(Reference Rate)
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