Currency Buzz: INR Falls Sharply Amid Waning Risk Appetite

8 Aug 2022 , 06:41 PM

The Indian rupee fell 40 paise to close at 79.64 (provisional) against the US dollar on Monday amid waning risk appetite among investors. Lower global crude prices and a rally in domestic equities restricted the losses to some extent. At the interbank foreign exchange market, the domestic currency opened weak at 79.50 per dollar. It oscillated between a high of 79.45 and a low of 79.65 during the session. It finally settled at 79.64, down 40 paise over its previous close of 79.24. The dollar index, which measures the greenbacks strength against a basket of six currencies, slipped 0.25 per cent to 106.57.Powered by Commodity Insights