Currency Buzz: INR Marginally Higher On Falling Crude Prices

6 Jul 2022 , 05:19 PM

Sharp decline in crude oil prices helped cap fall in the Indian rupee on Wednesday that recovered from its all-time low to close 3 paise higher at 79.30 (provisional) against the US dollar. At the interbank forex market, the local unit opened at 79.29 against the greenback and witnessed an intra-day high of 79.24 and a low of 79.37. It finally settled at 79.30, a rise of 3 paise over its previous close. In the previous session, the rupee had closed at an all-time low of 79.33 against the US dollar. The dollar index, which measures the greenbacks strength against a basket of six currencies, was up 0.18 per cent at 106.72. Powered by Commodity Insights