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Name Symbol Market Type
United States Dollar vs Indian Rupee FX:USDINR Forex Exchange Rate
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.11405 -0.14% 81.1915 81.191 81.192 81.35 81.05105 81.30555 0 16:26:14

Indian Rupee Climbs To Near 4-week High Against U.S. Dollar

01/08/2022 5:55am

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US Dollar vs INR (FX:USDINR)
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The Indian rupee advanced against the U.S. dollar in afternoon deals on Monday, as the latter fell across the board and oil prices dropped after weak China data.

oil prices fell as weak manufacturing data from China and Japan fuelled concerns about the demand outlook.

The dollar weakened on expectations that the Fed is likely to adopt a less aggressive stance moving forward.

The Indian rupee touched near a 4-week high of 79.01 against the greenback from Friday's close of 79.34. The rupee is likely to challenge resistance around the 73.5 level.

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P: V:gb D:20221201 16:41:18