Indian Rupee: Seen Recovering In Opening Trades

19 Oct 2022 , 09:32 AM

The Indian rupee is seen recovering against the dollar as the greenback is marginally lower in early Asia on Wednesday. Asian stock markets are mostly higher on Wednesday, following the broadly positive cues from global markets overnight, reflecting a positive reaction to upbeat earnings news from US financial companies and renewed optimism over upcoming earnings. On Tuesday, rupee pared its initial gains to close 7 paise down at 82.37 against the US dollar. At the interbank forex market, the local unit opened at 82.21 against the greenback. It witnessed an intra-day high of 82.02 and a low of 82.37 against the American currency during the session. It finally ended at 82.37 against the US dollar, down 7 paise from its previous close of 82.30. The dollar index that measures the greenback against a basket of currencies is seen marginally down at 112.08. Powered by Commodity Insights