Currency Buzz: INR Recovers From Record Lows

1 Jun 2022 , 05:13 PM

The Indian rupee recovered from its record low to close 20 paise higher at 77.51 (provisional) against the American currency on Wednesday. At the interbank forex market, the rupee opened at 77.58 against the greenback and moved in a range of 77.51 to 77.62 in the days trade. The rupee finally ended at 77.51, higher by 20 paise over its previous close. On Tuesday, the rupee had declined by 17 paise to close at its all-time low of 77.71 against the US currency as surging dollar tracking US bond yields dampened the appeal of riskier assets. The dollar index, which measures the greenback against a basket of currencies is quoting at 102.04. Powered by Commodity Insights