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Currency Buzz: INR Depreciates As Dollar Strength Weighs

12 Oct 2022 , 05:03 PM

The Indian rupee depreciated against the dollar on Wednesday, tracking strength in the greenback overseas and sustained foreign fund outflows. INR slipped 14 paise to close at 82.35 (provisional) against the US dollar. Besides, risk aversion sentiment among investors weighed on the local unit. At the interbank foreign exchange market, the local currency opened at 82.32, then fell further to settle at 82.35 against the American currency, registering a decline of 14 paise over its previous close.Powered by Commodity Insights

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