Currency Buzz: INR Edges Lower To Settle At 79.86/$

24 Aug 2022 , 05:11 PM

The Indian rupee stayed somewhat range bound restricted by rising crude oil prices while supported by greenback that lost momentum. The domestic currency depreciated 2 paise to close at 79.86 (provisional) against the US dollar on Wednesday. At the interbank foreign exchange market, the domestic currency opened at 79.84 per dollar. It hovered in a range of 79.68 to 79.87 during the session. The domestic unit finally settled at 79.86, down 3 paise over its previous close of 79.83. Meanwhile, the dollar index, which measures the greenbacks strength against a basket of six currencies, was up 0.03 per cent at 108.65.Powered by Commodity Insights