Indian rupee ended marginally higher against dollar on Friday on selling of American currency by banks and exporters. Traders took some solace as Union Minister Nitin Gadkari has urged investors to tap the vast opportunities it offers and get good returns at a time when the whole world is finding an alternative destination for investment in the wake of coronavirus disease (covid-19) pandemic. Meanwhile, Finance Minister Nirmala Sitharaman reviewed the situation about outstanding payments to micro, small and medium enterprises, especially by CPSEs and central government agencies. On the global front; pressure was easing on the dollar on Friday, with the currency set to snap out of three straight weeks of losses while sterling still suffered due to fears a post-Brexit trade deal might not be reached before the end of 2020.
Finally, the rupee ended at 73.64, 2 paise stronger from its previous close of 73.66 on Thursday. The currency touched a high and low of 73.71 and 73.56 respectively. The reference rate for the dollar stood at 73.66, and for Euro stood 89.07 on December 10, 2020. While the reference rate for the Yen stood at 70.53, the reference rate for the Great Britain Pound (GBP) stood at 98.39.
