Rupee ended weaker against dollar on Friday on account of dollar demand from importers and banks. Traders were worried with private report that with no signs of reprieve from the pandemic in near future and economy yet to show major indications of a revival, India's consumer confidence has declined by 0.3 percentage points in October 2020. However downfall remain capped as Niti Aayog Vice Chairman Rajiv Kumar expressed confidence that money and resources will be in place for a viable and effective vaccination system to fight COVID-19, even as he said it is quite premature to talk about the cost for getting the vaccination. He also expressed hope that the corporate world will also rise up to the occasion and make the vaccination part of their CSR activity. On the global front, pound edged up in London trading on Friday, set for a weekly gain against the dollar and euro, as Britain and the European Union entered intense negotiations to reach a last-minute Brexit trade deal.
Finally, the rupee ended at 73.61, 7 paise weaker from its previous close of 73.54 on Thursday. The currency touched a high and low of 73.67 and 73.46 respectively. The reference rate for the dollar stood at 73.65 and for Euro stood 87.30 on October 22, 2020. While the reference rate for the Yen stood at 70.39, the reference rate for the Great Britain Pound (GBP) stood at 96.83.
