Indian Rupee: Dollar Weakness Likely To Support

29 Nov 2022 , 09:12 AM

Weakness in dollar overseas is seen supporting the Indian rupee to a positive opening on Tuesday. Dollar pulled back in early Asia and is currently quoting down 0.36% at 106.25. On Monday, rupee climbed 5 paise to close at 81.66 against the US dollar. At the interbank foreign exchange market, the local unit opened weak at 81.81 and touched an intra-day high of 81.61 and a low of 81.83 against the greenback. The local unit finally settled at 81.66, registering a rise of 5 paise over its previous close of 81.71. Meanwhile, upbeat Asian shares is also likely to aid the local unit. Powered by Commodity Insights