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Currency Buzz: INR Falls To Yet Another Life-Time Low Of 78.34/$

Currency Buzz: INR Falls To Yet Another Life-Time Low Of 78.34/$

June 27, 2022 5:07 IST | capital market
Firm crude oil prices in international market capped gains in the Indian rupee that was supported by weakness in dollar and rally in the domestic equity markets. Rupee slipped 1 paisa to close at its fresh life-time low of 78.34 (provisional) against US dollar on Monday. Meanwhile, unabated foreign capital outflows added pressure on the domestic unit. At the interbank forex market, the local unit opened sharply higher at 78.24 against the greenback, but paired all of its initial gains to settle at 78.37. It witnessed an intra-day high of 78.24 and a low of 78.37. In the previous session, the rupee had settled at 78.33 against the greenback. The dollar index, which measures the greenbacks strength against a basket of six currencies, slipped 0.25 per cent to 103.70 while WTI crude oil prices climbed 0.21% to $107.85 a barrel. Powered by Commodity Insights

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