Currency Buzz: INR Stays Weak Ahead Of Fed Statement

2 Nov 2022 , 05:07 PM

The Indian rupee stayed weak against the dollar on Wednesday, ahead of the US Fed statement that is underway. Muted trend in domestic equities also weighed on the currency. Rupee depreciated 19 paise to close at 82.78 (provisional) against the US dollar. At the interbank foreign exchange market, the local unit opened at 82.64 and witnessed a high of 82.62 and a low of 82.81. It finally settled at 82.78 against the American currency, registering a fall of 19 paise over its last close of 82.59. Powered by Commodity Insights