Indian Rupee: INR Sees Some Gains

1 Jul 2022 , 08:58 AM

The Indian rupee pared some of its sharp losses seen during the week and managed to settle marginally higher against the dollar on Thursday. The rupee had breached the psychologically significant level of 79 per dollar level for the first time ever yesterday and has also hit a series of lifetime lows this month. INR rebounded from its all-time low to close 5 paise higher at 78.98 (provisional) against the greenback. At the interbank forex market, the local unit opened at 78.92 against the greenback and witnessed an intra-day high of 78.90 and a low of 78.99. The dollar index, which measures the greenbacks strength against a basket of six currencies, was up 0.42 per cent at 104.60. Powered by Commodity Insights