Currency Buzz: INR Recovers Amid Softer Greenback Overseas

25 Jul 2022 , 05:12 PM

The Indian rupee appreciated 14 paise to close at 79.76 (provisional) against the US dollar on Monday tracking strong regional peers and soft greenback. At the interbank forex market, the local unit opened at 79.86 against the greenback and finally settled at 79.76 (provisional), registering a rise of 14 paise over its previous close. During the session, the local unit witnessed an intra-day high of 79.70 and a low of 79.87 against the American currency. In the previous session, the rupee had closed at 79.90 against the American currency. Meanwhile, the dollar index, which measures the greenbacks strength against a basket of six currencies, was down 0.38 per cent at 106.32. Powered by Commodity Insights