Indian rupee weakened marginally against the US dollar on Monday, despite weakness of the American currency in overseas market after US President Donald Trump signed a $900 billion pandemic relief package. Strong domestic equities amid sustained foreign fund inflows supported the domestic unit and capped the fall. Foreign Institutional Investors (FIIs) bought shares worth Rs 1,225.69 crore, while Domestic Institutional Investors (DIIs) net sold shares worth Rs 1,897.92 crore in the Indian equity market on Thursday, exchange data showed. Forex market was closed on Friday on account of Christmas.
The partially convertible currency is currently trading at 73.58, weaker by 3 paise from its previous close of 73.55 on Thursday. The currency touched a high and low of 73.6150 and 73.5100 respectively. The reference rate for the dollar stood at 73.58, and for Euro stood 89.80 on December 24, 2020. While the reference rate for the Yen stood at 71.05, the reference rate for the Great Britain Pound (GBP) stood at 99.75.
