Currency Buzz: INR Manages To Recover From Record Low Levels

16 Jun 2022 , 05:12 PM

The Indian rupee managed to recover from its all-time low levels on Thursday, tracking slight weakness in the dollar. The dollar index, that measures the greenback against a basket of currencies is down 0.15% at 104.78, after rising as high as 105.79, its strongest since December 2002 post Fed rate hike decision. Besides, falling crude oil prices also gave some relief to the domestic unit. At the interbank forex market, the rupee opened at 78.06 against the greenback and moved in a narrow range. It finally ended at 78.10, higher by 12 paise over its previous close. On Wednesday, June 15, the rupee plunged eighteen paise to close at a new all-time low of 78.22. Powered by Commodity Insights