Currency Buzz: INR Settles Lower Ahead Of RBI Policy

8 Feb 2022 , 05:33 PM

The Indian rupee fell 5 paise to close at 74.74 (provisional) against the US dollar on Tuesday as investors stay anxious ahead of the upcoming monetary policy later this week. At the interbank foreign exchange, the rupee opened at 74.65 against the American dollar, and later witnessed an intra-day high of 74.57 and a low of 74.80 against the greenback. The local unit finally ended the day at 74.74, down 5 paise from the previous close. In the previous session on Friday, the rupee had settled at 74.69 against the greenback. The forex market was closed on Monday. The dollar index, which gauges the greenbacks strength against a basket of six currencies, was trading 0.25 per cent higher at 95.63.

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