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Rupee little changed against US dollar on Wednesday

23 Dec 2020 Evaluate

Indian rupee little changed against the US dollar on Wednesday amid concerns over an infectious new corona virus strain in United Kingdom that could slow down the prospects of a global economic recovery. Tepid cues from Asian peers against the American currency added pressure on the rupee. Meanwhile, US President Donald Trump indicated he might not sign the $900 billion bipartisan relief package just a day after Congress passed it. Foreign Institutional Investors (FIIs) bought shares worth Rs 1,153.00 crore on a net basis on Tuesday, exchange data showed.

The partially convertible currency is currently trading at 73.82, little changed from its previous close of 73.84 on Tuesday. The currency touched a high and low of 73.9025 and 73.8250 respectively. The reference rate for the dollar stood at 73.64, and for Euro stood 89.75 on December 21, 2020. While the reference rate for the Yen stood at 71.19, the reference rate for the Great Britain Pound (GBP) stood at 98.34.

 

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