Currency Buzz: Positive Local Equities Support INR

7 Jan 2022 , 05:15 PM

Positive Local Equities Support INR Positive domestic equities and stronger Asian currencies supported gains in the Indian rupee although Omicron worries and firm crude oil prices restricted the appreciation bias of the local unit to some extent. The Indian rupee gained 12 paise to close at 74.30 (provisional) against the US dollar on Friday. At the interbank forex market, the local unit opened at 74.41 against the greenback and witnessed an intra-day high of 74.25 and finally ended the day at 74.30, registering a gain of 12 paise from its previous close of 74.42. Meanwhile, the dollar index, which measures the greenbacks strength against the basket of six currencies was at 96.18.

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