Currency Buzz: INR Slumps Below Rs 82/$ Mark

6 Dec 2022 , 05:01 PM

Heavy selling pressure in domestic equities added pressure on the Indian rupee that plunged sharply under Rs 82/$ mark on Tuesday. Rupee declined by 76 paise to close at 82.61 against the US dollar. Besides, rising crude prices in the overseas markets and continued foreign capital outflows ahead of the RBIs policy announcement on Wednesday also dragged down the domestic unit. At the interbank foreign exchange market, the local unit opened weak at 81.94, then slipped further to end at 82.61, registering a fall of 76 paise. During the day, the local unit witnessed an intraday high of 81.94 and a low of 82.63.Powered by Commodity Insights