Indian rupee strengthened marginally against the US dollar on Friday, tracking weakness in the American currency overseas. Further, consistent foreign fund inflows too supported the domestic currency. Foreign Institutional Investors (FIIs) were net buyers in the capital market on Thursday as they bought shares worth Rs 1,258.47 crore, while domestic peers were sellers to the tune of Rs 1,116.17 crore, exchange data showed. However, muted domestic equities tracking weak global shares and spike in global bond yields has impacted rupee sentiments and capped its gains.
The partially convertible currency is currently trading at 72.52, little changed from its previous close of 72.53 on Thursday. The currency touched a high and low of 72.5800 and 72.4950 respectively. The reference rate for the dollar stood at 72.57, and for Euro stood 86.41 on March 17, 2021. While the reference rate for the Yen stood at 66.52, the reference rate for the Great Britain Pound (GBP) stood at 100.86.
