Currency Buzz: INR Optimistic On Foreign Fund Inflows

10 Aug 2022 , 05:00 PM

The Indian rupee appreciated by 15 paise to close at 79.48 (provisional) against the US dollar on Wednesday, tracking foreign fund inflows and easing crude oil prices. At the interbank forex market, the local unit opened at 79.59 against the greenback and finally settled at 79.48 (provisional), registering a rise of 15 paise over its previous close. During the session, the local unit witnessed an intra-day high of 79.41 and a low of 79.59 against the American currency. In the previous session on Monday, the rupee had closed at 79.63 against the US dollar. The forex market was closed on Tuesday on account of Muharram. The dollar index, which measures the greenbacks strength against a basket of six currencies, was down 0.18 per cent at 106.18. Powered by Commodity Insights