Indian rupee ended significantly higher against dollar on Friday, on persistent selling of the American currency by exporters. Sentiments were upbeat with Union Minister of State for Finance Anurag Thakur’s statement that the Union budget 2021-22 shows hope to build a new India and will lead the nation on the path of becoming an economic and manufacturing powerhouse. Meanwhile, exporters urged the government to provide support measures in the next foreign trade policy (FTP), being formulated by the commerce ministry, to boost the country's outbound shipments. On the global front, pound slipped below $1.38 against the dollar but was steady against the euro on Friday, after data showed Britain's economy suffered a record slump in 2020, but grew in the final quarter.
Finally, the rupee ended at 72.75, 12 paise stronger from its previous close of 72.87 on Thursday. The currency touched a high and low of 72.83 and 72.75 respectively. The reference rate for the dollar stood at 72.77, and for Euro stood 88.26 on February 11, 2021. While the reference rate for the Yen stood at 69.59, the reference rate for the Great Britain Pound (GBP) stood at 100.77.
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