Indian rupee weakened against the US dollar on Monday as investors awaited clarity on the health of US President Donald Trump after he was tested positive for the corona virus. Meanwhile, forex market was closed on Friday on account of Mahatma Gandhi Jayanti. Though, firm domestic equity market with foreign fund inflows capped some losses in rupee. Foreign institutional investors (FIIs) bought shares worth Rs 1,632.25 crore on a net basis on Thursday, exchange data showed.
The partially convertible currency is currently trading at 73.17, weaker by 4 paise from its previous close of 73.13 on Thursday. The currency touched a high and low of 73.2375 and 73.08 respectively. The reference rate for the dollar stood at 73.38 and for Euro stood 86.22 on October 1, 2020. While the reference rate for the Yen stood at 69.55, the reference rate for the Great Britain Pound (GBP) stood at 94.98.
