Indian Rupee: Likely To Extend Rebound

9 Dec 2022 , 09:04 AM

The Indian rupee is expected to extend rebound amid weakness in dollar overseas and positive equities overnight. Rupee consolidated in a narrow range and settled 3 paise higher at 82.44 against the US dollar on Thursday. At the interbank foreign exchange market, the local unit opened at 82.34 and touched an intra-day high of 82.26 and a low of 82.47 against the greenback. It finally settled at 82.44, registering a rise of 3 paise over its previous close of 82.47. Asian equity markets mostly rose on Friday, tracking gains on Wall Street overnight as investors continued to assess the outlook for growth and the trajectory of monetary policy. The Fed and ECB meetings due this week also remained on investors radar.Powered by Commodity Insights