Rupee trades almost flat against US dollar on Thursday
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Indian rupee was trading almost flat against the US dollar on Thursday amid muted trend at domestic equity market following lingering concerns surrounding the corona virus pandemic globally. Further, strength in the American currency overseas too added pressure on the domestic currency. Meanwhile, Foreign Institutional Investors (FIIs) bought shares worth of Rs 1,008.20 crore on Wednesday, exchange data showed. Hopes of further boost from Joe Biden’s proposed $1.9 trillion Covid-19 relief package supported the rupee up to some extent.
The partially convertible currency is currently trading at 72.73, little changed from its previous close of 72.74 on Wednesday. The currency touched a high and low of 72.9200 and 72.8200 respectively. The reference rate for the dollar stood at 72.72, and for Euro stood 88.25 on February 16, 2021. While the reference rate for the Yen stood at 68.91, the reference rate for the Great Britain Pound (GBP) stood at 101.32.
