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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
  -0.09655 -0.12% 81.209 81.2085 81.2095 81.35 81.05105 81.30555 0 15:42:23

Indian Rupee Falls Below 80-mark Against U.S. Dollar

19/07/2022 3:07am

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US Dollar vs INR (FX:USDINR)
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Breaching the key 80 level, the Indian rupee declined against the U.S. dollar in the morning session on Tuesday, as Apple's plans to slow down hiring and spending growth weighed on sentiment.

Finance Minister Nirmala Sitharaman said on Monday that the recent decline in the rupee is due to global factors such as the Russia-Ukraine conflict, higher oil prices and tightening of monetary policy across the globe.

The outflow of foreign portfolio capital in the wake of the Fed's policy tightening is also attributing a selloff in the currency.

The Indian rupee touched 80.06 against the greenback, its lowest level since July 14, when it fell to an all-time low. At yesterday's trading close, the pair was quoted at 80.00.

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