Currency Buzz: INR Rebounds On Firm Domestic Equities

30 Aug 2022 , 05:06 PM

The Indian rupee rebounded by 47 paise to close at 79.44 (provisional) against the US dollar on Tuesday, supported by a firm trend in domestic equities. At the interbank forex market, the local unit opened at 79.92 against the greenback. It witnessed an intra-day high of 79.44 and a low of 79.92 against the American currency during the session. It finally ended at 79.44 against the US dollar, up 47 paise from its previous close of 79.91. In the previous session, the rupee depreciated 7 paise to close at 79.91 against the American dollar. The rupee fell to its all-time low of 80.15 against the US dollar in intra-day trade. Meanwhile, the dollar index, which measures the greenbacks strength against a basket of six currencies, slipped 0.06 per cent to 108.76.Powered by Commodity Insights