Currency Buzz: INR Edges Higher Against A Weak Dollar

6 Jun 2022 , 05:16 PM

Surging crude prices, unabated foreign capital outflows and subdued domestic equities capped the appreciation bias in the rupee that failed to register notable gains. The domestic currency inched up 2 paise to close at 77.64 (provisional) against a weak American currency in the overseas market. At the interbank forex market, the local unit opened slightly strong at 77.65 against the greenback and witnessed an intra-day high of 77.55 and a low of 77.67. It finally settled at 77.64, a rise of 2 paise over its previous close. In the previous session, the rupee had settled at 77.66 against the greenback. Powered by Commodity Insights