Indian rupee strengthened against the US dollar on Thursday following weakness in the American currency. Further, firm domestic equities amid sustained foreign fund inflows too buoyed investor sentiment. Foreign Institutional Investors (FIIs) bought shares worth Rs 536.13 crore on a net basis on Wednesday, exchange data showed. On the global front, the US dollar weakened as risk appetite rose on the expectation of an imminent Brexit trade deal between the United Kingdom and the European Union.
The partially convertible currency is currently trading at 73.58, stronger by 18 paise from its previous close of 73.76 on Wednesday. The currency touched a high and low of 73.6675 and 73.5750 respectively. The reference rate for the dollar stood at 73.88, and for Euro stood 90.30 on December 22, 2020. While the reference rate for the Yen stood at 71.45, the reference rate for the Great Britain Pound (GBP) stood at 99.06.
