Indian rupee was trading flat against the US dollar on Thursday as dollar languished near its lowest level in nearly three years after Democrats won control of the US Senate, clearing the path for more fiscal stimulus and tax policy reform under Joe Biden. While, weaker Asian currencies amid concerns over new virus strains and lockdowns in various parts of the globe have put pressure on domestic currency. Foreign institutional investors (FIIs) sold shares worth Rs 483.64 crore on a net basis on Wednesday, exchange data showed.
The partially convertible currency is currently trading flat at its previous close of 73.11 on Wednesday. The currency touched a high and low of 73.1250 and 73.0875 respectively. The reference rate for the dollar stood at 73.10, and for Euro stood 89.69 on January 05, 2021. While the reference rate for the Yen stood at 71.03, the reference rate for the Great Britain Pound (GBP) stood at 99.40.
