Currency Buzz: INR Settles Higher As Dollar Pulls Back Ahead Of Powell Speech

30 Nov 2022 , 05:08 PM

The Indian rupee appreciated considerable on Wednesday, tracking weakness in the dollar overseas with all eyes on Fed Powell speech scheduled later in the global day. Rupee appreciated 34 paise to close at 81.38 (provisional) against the US dollar. A rally in domestic equities also boosted investor sentiment. At the interbank foreign exchange market, the local unit opened at 81.63 and touched an intra-day high of 81.38 and a low of 81.64 against the greenback. The local unit finally settled at 81.38, registering a rise of 34 paise over its previous close.Powered by Commodity Insights