Currency Buzz: INR Breaches Rs 81/$ Mark For First Time Ever

23 Sep 2022 , 11:17 AM

The Indian rupee breached another crucial mark and depreciated 44 paise to slip below the 81-mark against the US dollar for the first time in early trade on Friday. The domestic currency was weighed down by the strong dollar overseas and risk-off sentiment among investors. Besides, a negative trend in domestic equities, escalation of geopolitical risk in Ukraine and rate hikes by the US Fed and Bank of England in a bid to contain inflation sapped risk appetite. Powered by Commodity Insights