Indian rupee strengthened against US dollar on Friday following easing crude oil prices and weakening American currency. Meanwhile, market participants are remaining cautious ahead of the important G20 meeting that is scheduled during the weekend. Meeting between US and Chinese leader will be majorly in focus and could bring in volatility for the currencies. Foreign funds pulled out Rs 0.71 crore from the capital markets on a net basis Thursday, provisional data showed.
The partially convertible currency is currently trading at 68.96, stronger by 11 paise from its previous close of 69.07 on Thursday. The currency touched a high and low of 69.0300 and 68.9275 respectively. The reference rate for the dollar stood at 69.31 and for Euro stood at 78.75 on June 26, 2019. While the reference rate for the Yen stood at 64.55, the reference rate for the Great Britain Pound (GBP) stood at 87.83.
