Indian rupee recovered marginally against the US dollar on Thursday amid fall in crude oil prices and as the American currency held steady against global rivals. Further, foreign institutional investors (FIIs) remained net buyers in capital markets, putting in Rs 114.59 crore Tuesday, according to provisional exchange data. Forex markets were shut on Wednesday on account of International Labour Day. On the global front, the dollar took a breather in Asia on Thursday after recovering from a brief spill overnight when markets were whipsawed by mixed messages on policy from the Federal Reserve. Liquidity was lacking with both Japan and China on holiday and little in the way of major economic data in the diary.
The partially convertible currency is currently trading at 69.53, stronger by 3 paise from its previous close of 69.56 on Tuesday. The currency touched a high and low of 69.6000 and 69.4725 respectively. The reference rate for the dollar stood at 69.83 and for Euro stood at 78.07 on April 30, 2019. While the reference rate for the Yen stood at 62.68, the reference rate for the Great Britain Pound (GBP) stood at 90.33.
| Date | 1US$ | 1GBP |
| April 30, 2019 | 69.8368 | 90.3348 |
| April 26, 2019 | 70.1445 | 90.5322 |
(Reference Rate)
