Currency Buzz: INR Slides On Dollar Strength Overseas

21 Nov 2022 , 05:08 PM

Strength in the American currency added pressure on the Indian rupee that depreciated 7 paise to close at 81.81 (provisional) against the US dollar on Monday. Besides, a muted trend in domestic equities too weighed down the domestic unit. At the interbank foreign exchange market, the local unit opened at 81.84 and later witnessed an intraday high of 81.74 and a low of 81.91 during the session. The domestic unit finally settled at 81.81 against the American currency, registering a fall of 7 paise over its last close. Powered by Commodity Insights