Sustained Capital Outflows Weigh Down INR

17 Oct 2022 , 05:02 PM

Risk-off sentiment among investors and sustained foreign capital outflows weighed on the local unit that ended down 11 paise to close at 82.30 (provisional) against the US dollar on Monday. However, a rally in the domestic equities and a weak greenback overseas restricted the rupees fall. At the interbank foreign exchange market, the local currency opened lower at 82.33 and later fell to a low of 82.42. The unit finally settled at 82.30 against the American currency, registering a decline of 11 paise over its previous close. Powered by Commodity Insights