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Currency Buzz: INR Plunges Amid Firm Dollar

22 Apr 2022 , 05:13 PM

The Indian rupee fell 25 paise to close at 76.42 (provisional) against the US dollar on Friday, in line with a sell-off in domestic equities and a strong greenback in the overseas markets. Besides, persistent foreign capital outflows also dented investor sentiment. At the interbank forex market, the rupee opened sharply lower at 76.31 against the greenback and lost further ground during the session. The domestic unit witnessed an intra-day high of 76.19 and a low of 76.51. It finally settled at 76.42, a fall of 25 paise over its previous close of 76.17.

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