Indian rupee strengthened against the US dollar on Tuesday amid decline in crude oil prices. Further, selling of the American currency by exporters, and positive opening in domestic equities too supported the rupee. However, foreign fund outflows restricted the rupee up move. Foreign institutional investors (FIIs) remained net sellers in the capital markets, pulling out Rs 948.98 crore Monday, as per the provisional data. On the global front, the dollar remained not far off a five-week low against the yen on Tuesday, after worries about US-China trade tensions rekindled fears about the outlook for global growth.
The partially convertible currency is currently trading at 69.37, stronger by 3 paise from its previous close of 69.40 on Monday. The currency touched a high and low of 69.4400 and 69.3450 respectively. The reference rate for the dollar stood at 69.35 and for Euro stood at 77.63 on May 6, 2019. While the reference rate for the Yen stood at 62.62, the reference rate for the Great Britain Pound (GBP) stood at 90.99.
| Date | 1US$ | 1GBP |
| May 06, 2019 | 69.3558 | 90.9980 |
| May 03, 2019 | 69.2679 | 90.2404 |
(Reference Rate)
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