Currency Buzz: INR Supported By Firm Equities

5 Sep 2022 , 05:12 PM

Firm domestic equities supported the Indian rupee appreciate against the dollar on Monday. Rupee appreciated 8 paise to close at 79.79 (provisional) against the US dollar on Monday, in line with a firm trend in domestic equities. However, the strengthening of the American currency in the overseas market restricted the rupees gain. At the interbank forex market, the local unit opened at 79.84 against the greenback. It witnessed an intra-day high of 79.79 and a low of 79.90 against the American currency during the session. It finally ended at 79.79 against the US dollar, up 8 paise from its previous close of 79.87. Meanwhile, the dollar index, which measures the greenbacks strength against a basket of six currencies, rose 0.28 per cent to 109.83.Powered by Commodity Insights