Indian rupee weakened against US dollar on Tuesday amid muted domestic equities and ahead of the outcome over the runoff elections in Georgia that will determine control of the US Senate. Further, lingering corona virus pandemic cases globally too added pressure on rupee. British Prime Minister Boris Johnson has announced another national corona virus lockdown in England, with possibly until mid-February and instructing people to stay at home to contain a more contagious variant of the corona virus. Though, approval to two Covid-19 vaccines in the country capped the downfall. Meanwhile, Foreign Institutional Investors (FIIs) bought shares worth Rs 1,843.22 crore on Monday, exchange data showed.
The partially convertible currency is currently trading at 73.11, weaker by 9 paise from its previous close of 73.02 on Monday. The currency touched a high and low of 73.1500 and 73.0200 respectively. The reference rate for the dollar stood at 73.03, and for Euro stood 89.22 on January 01, 2021. While the reference rate for the Yen stood at 70.70, the reference rate for the Great Britain Pound (GBP) stood at 99.80.
