Currency Buzz: INR Supported By Foreign Fund Inflows

26 Aug 2022 , 05:38 PM

The Indian rupee appreciated by 6 paise to close at 79.86 (provisional) against the US dollar on Friday, supported by foreign fund inflows and a positive trend in domestic equities. However, higher crude prices in the international markets restricted the rupees gain. At the interbank forex market, the local unit opened at 79.87 against the greenback. It witnessed an intra-day high of 79.81 and a low of 79.94 against the American currency during the session. It finally ended at 79.86 against the US dollar, up 6 paise from its previous close of 79.92. The dollar index, which measures the greenbacks strength against a basket of six currencies, slipped 0.13 per cent to 108.33. Powered by Commodity Insights