Indian Rupee: INR Eases, Equities See Volatile Moves

25 May 2022 , 09:23 AM

The Indian Rupee saw choppy moves after recent slide. INR ended at 77.60 per US dollar, down 5 basis points on the day. The INR is witnessing tepid moves after testing all-time lows against the US dollar. The US dollar index continued to ease from record highs, testing around one month low under 102 mark as selling pressures stayed in place for the currency. The key equity indices ended lower after a volatile session on Tuesday. The Nifty closed below the 16,150 mark, reversing from the days high of 16,262.80 hit in afternoon trade. IT, metals, and pharma shares declined while financials and private banks ended in the green.Powered by Commodity Insights