Currency Buzz: INR Tumbles To New Life-Time Lows

7 Oct 2022 , 05:14 PM

The Indian rupee depreciated 15 paise to close at an all-time low of 82.32 (provisional) against the US dollar on Friday as a firm American currency and risk-averse sentiment among investors weighed on the local unit. Moreover, a negative trend in domestic equities and elevated crude oil prices sapped investor appetite. At the interbank foreign exchange market, the local currency opened at 82.19, then fell further to 82.43 and finally settled for the day at an all-time low of 82.32 against the American currency, registering a decline of 15 paise over its previous close.Powered by Commodity Insights