Indian rupee strengthened against the US dollar on Wednesday tracking firm domestic equities, even as weak cues from global markets on the back of sharp losses in the oil markets weighed on overall market sentiment. Meanwhile, economic uncertainties due to the fast-spreading corona virus pandemic in the country still pressurizing domestic currency. Foreign institutional investors (FIIs) sold shares worth Rs 2,095.23 crore on Tuesday, exchange data showed.
The partially convertible currency is currently trading at 76.75, stronger by 8 paise from its previous close of 76.83 on Tuesday. The currency touched a high and low of 76.8800 and 76.7300 respectively. The reference rate for the dollar stood at 76.63 and for Euro stood at 83.17 on April 20, 2020. While the reference rate for the Yen stood at 71.05, the reference rate for the Great Britain Pound (GBP) stood at 95.48.
