Currency Buzz: INR Firms As Dollar Loses Steam

9 Sep 2022 , 05:31 PM

The Indian appreciated 12 paise to close at 79.57 (provisional) against the US dollar on Friday amid a weak dollar overseas. Besides, positive domestic equities and foreign fund inflows also supported the domestic unit. At the interbank forex market, the local unit opened at 79.66 against the greenback. It witnessed an intra-day high of 79.47 and a low of 79.66 during the session. It finally ended at 79.57, up 12 paise from its previous close of 79.69. The dollar index, which measures the greenbacks strength against a basket of six currencies, fell 0.98 per cent to 108.63.Powered by Commodity Insights