Currency Buzz: INR Settles At New Lifetime Lows

10 Oct 2022 , 05:02 PM

A negative trend in domestic equities and a firm greenback overseas led the Indian rupee to settle 4 paise lower at a fresh lifetime low of 82.34 (provisional) against the US dollar on Monday. At the interbank foreign exchange market, the local currency opened at 82.68, then fell further to an all-time intra-day low of 82.69 but managed to pare its initial losses. INR was weighed down by as risk-averse sentiment among investors. Powered by Commodity Insights