Currency Buzz: Dollar Recovery Adds Pressure On INR

14 Nov 2022 , 05:14 PM

Recovery in the dollar overseas added pressure on the Indian rupee that depreciated by 48 paise to close at 81.26 (provisional) on Monday. Meanwhile, muted trend in domestic equities and rising crude oil prices also weighed on the domestic currency. At the interbank foreign exchange market, the local unit opened on a strong note at 80.53, but pared gains and finally settled at 81.26 against the American currency, registering a fall of 48 paise over its last close.Powered by Commodity Insights