Indian rupee gained against US dollar on Thursday, followed by firm domestic equities tracking global peers that gained on the back of former US Vice President Biden's big win, central banks' rate cut and the World Bank's $12 billion aid package. But an increasing number of corona virus cases in the country kept market participants on edge. The total number of corona virus cases in India rose sharply to 29 on Wednesday, including 16 Italian tourists who had tested positive for the disease as well as an employee of a digital payments company who had travelled to Italy. On the global front, the dollar gained after private payrolls number released from the US came in better than estimates. Data showed private payrolls rose by 183,000 in February compared to estimates of 170,000 jobs.
The partially convertible currency is currently trading at 73.25, stronger by 14 paise from its previous close of 73.39 on Wednesday. The currency touched a high and low of 73.5600 and 73.2375 respectively. The reference rate for the dollar stood at 72.87 and for Euro stood at 81.23 on March 3, 2020. While the reference rate for the Yen stood at 67.62, the reference rate for the Great Britain Pound (GBP) stood at 93.14.
