Indian Rupee: Dollar Weakness Could Support

25 Oct 2022 , 09:15 AM

Slight weakness in the dollar overseas is likely to support the Indian rupee in opening trades on Tuesday although sustained selling by FPIs in Indian equities could restrict gains in the domestic unit. Downbeat regional equities could also weigh on the local unit. On Friday, rupee slipped 9 paise to close at 82.88 against the US dollar. At the interbank foreign exchange market, the local currency opened at 82.89 and witnessed a high of 82.59 and a low of 82.91. It finally settled at 82.88 against the American currency, registering a drop of 9 paise over its previous close. Forex markets were closed on Monday on account of Diwali. Powered by Commodity Insights