Currency Buzz: INR Falls As Weakness In Dollar Offset By Recovery In Oil

21 Jun 2022 , 05:01 PM

Weakness in dollar was offset by recovery in crude prices and sustained foreign fund outflows that weighed on the Indian rupee on Tuesday. The domestic currency declined 12 paise to close at 78.10 (provisional) against the US dollar on Tuesday. At the interbank foreign exchange market, the local currency opened at 78.00 and finally ended at 78.10, down 12 paise over its previous close. On Monday, the rupee had appreciated 7 paise to settle at 77.98. US dollar was down 0.34% at 103.92. Powered by Commodity Insights