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Indian rupee ends tad lower against dollar
Jan-15-2021

Indian rupee ended marginally weaker against the American currency on Friday, tracking weaker Asian peers and heavy selloffs in domestic equities. Sentiments were dampened as rating agency CRISIL projected CPI Inflation at 6.4% for fiscal 2021. it said after eight months above the Reserve Bank of India (RBI's) target band of 2-6%, Consumer Price Index (CPI) inflation was finally back in range, declining for the second straight month to a below-consensus 4.6% in December, from 6.9% in November. On the global front, pound rose against the euro on Friday, touching an almost two-month high, after data showed Britain's national lockdown in November was less damaging for the economy than expected.

Finally, the rupee ended at 73.07, 3 paise weaker from its previous close of 73.04 on Thursday. The currency touched a high and low of 73.15 and 72.99 respectively. The reference rate for the dollar stood at 73.12, and for Euro stood 88.86 on January 14, 2021. While the reference rate for the Yen stood at 70.29, the reference rate for the Great Britain Pound (GBP) stood at 99.72.

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