Indian Rupee: INR To Stay Cautious

17 May 2022 , 09:11 AM

INR is likely to see cautious moves after falling to record lows beyond 77 per US dollar in NDF market yesterday. Local equities moved up in last session though and it could offer some support to the INR. The barometer index, S&P BSE Sensex was up 180.22 points or 0.34% at 52,973.84. The Nifty 50 index gained 60.15 points or 0.38% at 15,842.30. The barometers ended higher snapping its six days losing streak. The Nifty index corrected from its intraday high of 15,739.65, to end tad below 15,850 level. PSU Banks, Realty and Auto were among the top gainers during the day. The INR closed up 17 paise at 76.43 per US dollar on Friday.Powered by Commodity Insights