Indian rupee ended unchanged on Wednesday. Investors were concerned with the impact of rising cases of Covid-19 in the country, and awaited the outcome of the US Federal Reserve's monetary policy. Traders were worried as Union Health Secretary Rajesh Bhusan warned that Maharashtra was at the beginning of a second wave of the COVID-19 pandemic. However, some support came with reports that the retail industry's business is on the brink of full recovery as it achieved 93 per cent of the pre-COVID sales in February. On the global front; pound held firm against both the euro and the dollar as Britain's dismissal of safety concerns over the AstraZeneca vaccine gave the currency some berth to recovery from the previous day's falls.
Finally, the rupee ended unchanged from its previous close of 72.55 on Tuesday. The currency touched a high and low of 72.62 and 72.51 respectively. The reference rate for the dollar stood at 72.48, and for Euro stood 86.48 on March 16, 2021. While the reference rate for the Yen stood at 66.40, the reference rate for the Great Britain Pound (GBP) stood at 100.52.
