Indian rupee weakened against the US dollar on Tuesday, despite firm domestic equities tracking gains in global markets after positive reports of improvement in health condition of US President Donald Trump after he was hospitalized with the corona virus. Further, rising corona virus pandemic cases across the globe too added pressure on domestic currency. Though, weak American currency on rising optimism that US lawmakers could agree on new fiscal stimulus to blunt the economic impact of the corona virus pandemic, supported the rupee sentiment and capped its fall. Foreign Institutional Investors (FIIs) bought shares worth Rs 236.71 crore on Monday, exchange data showed.
The partially convertible currency is currently trading at 73.31, weaker by 2 paise from its previous close of 73.29 on Monday. The currency touched a high and low of 73.3300 and 73.1500 respectively. The reference rate for the dollar stood at 73.38 and for Euro stood 86.22 on October 01, 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.
