Currency Buzz: INR Hits New Low Of 79.60/$

12 Jul 2022 , 05:19 PM

The Indian rupee declined 15 paise to close at a new lifetime low of 79.60 (provisional) against the US dollar on Tuesday as a strong greenback overseas and weakness in domestic equities continued to weigh on investor sentiments. At the interbank forex market, the local unit opened weak at 79.55 against the greenback and witnessed an intra-day high of 79.53 and a low of 79.66. It finally settled at 79.60 (provisional), down 15 paise over its previous close of 79.45. The dollar index, which measures the greenbacks strength against a basket of six currencies, advanced 0.48 per cent to 108.54. Powered by Commodity Insights