News Details
Category : industry
Headline : Rupee recovers 12 paise, ends at 77.32 to the dollar as crude prices fall
Date: 10/05/2022 17:52
Snapping its two-day losing streak, the rupee appreciated 12 paise to end at 77.32 (provisional) against the US dollar on Tuesday, supported by a rebound in regional currencies and fall in crude oil prices.

However, weak domestic equities and persistent foreign fund outflows restricted the gains, forex traders said.



At the interbank forex market, the rupee opened strong at 77.27 against the greenback and moved in a range of 77.20 to 77.45 in the day trade. The rupee finally ended at 77.32, 12 paise higher than its previous close.

In the previous session, the rupee had slumped 54 paise to close at a record low of 77.44 against the US dollar