Indian rupee weakened against the US dollar on Friday, tracking stronger American currency overseas as a measured US presidential debate left investors in a cautious mood with less than two weeks to go before the US presidential election. Further, surging corona virus cases worldwide too added pressure on domestic currency. Though, positive domestic equities trend and sustained foreign fund inflows, capped rupees fall to some extent. Foreign Institutional Investors (FIIs) bought shares worth Rs 1,118.46 crore on Thursday, exchange data showed.
The partially convertible currency is currently trading at 73.57, weaker by 3 paise from its previous close of 73.54 on Thursday. The currency touched a high and low of 73.6725 and 73.5650 respectively. The reference rate for the dollar stood at 73.45 and for Euro stood 87.05 on October 21, 2020. While the reference rate for the Yen stood at 69.77, the reference rate for the Great Britain Pound (GBP) stood at 95.38.
