Thursday, 29 September, 2022
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Rupee falls 4 paise to close at 79.88 against US dollar

Rupee falls 4 paise to close at 79.88 against US dollar

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The rupee depreciated 4 paise to close at 79.88 (provisional) against the US dollar on Tuesday, tracking a strong American currency in the overseas market and rising crude oil prices. At the interbank foreign exchange market, the local currency opened at 79.85 and saw an intra-day high of 79.81 and a low of 79.90 against the American currency.

It finally ended at 79.88, down 4 paise over its previous close. In the previous session, the rupee had closed at 79.88 against the US dollar, reports PTI.

"Momentum in the dollar has taken off after hawkish comments from the Federal Open Market Committee (FOMC) meeting minutes.