Indian rupee strengthened against the US dollar on Tuesday, tracking firm domestic equities amid sustained foreign fund inflows. Foreign Institutional Investors (FIIs) bought shares worth Rs 813.27 crore on Monday, exchange data showed. Meanwhile, investors are remained anxious over rising corona virus cases globally. The death toll in India due to corona virus rose to 7,466 and the number of infections rose to 2,66,598, while the number of cases around the world has crossed 71.19 lakh with death toll topped at 4.06 lakh.
The partially convertible currency is currently trading at 75.44, stronger by 11 paise from its previous close of 75.55 on Monday. The currency touched a high and low of 75.5400 and 75.4400 respectively. The reference rate for the dollar stood at 75.46 and for Euro stood at 85.84 on June 5, 2020. While the reference rate for the Yen stood at 69.03, the reference rate for the Great Britain Pound (GBP) stood at 95.47.
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