Indian rupee weakened against the US dollar on Thursday amid strengthening of the American currency in the overseas market. Further, market participants were cautious amid rising tensions between the US and Iran. Though, foreign fund inflows and positive opening in domestic equities supported the domestic currency. Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 106.26 crore on Wednesday, as per provisional data. On the global front, the dollar edged up to a one-week high against the safe-haven yen on Thursday, as some of the jitters ahead of the G20 summit in Japan eased amid hopes for progress there in resolving the Sino-US trade war.
The partially convertible currency is currently trading at 69.20, weaker by 5 paise from its previous close of 69.15 on Wednesday. The currency touched a high and low of 69.3200 and 69.1850 respectively. The reference rate for the dollar stood at 69.33 and for Euro stood at 79.05 on June 25, 2019. While the reference rate for the Yen stood at 64.81, the reference rate for the Great Britain Pound (GBP) stood at 88.41.
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