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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
  0.4873 0.59% 82.38655 82.3823 82.3908 82.6375 82.1875 81.90105 0 21:00:42

Indian Rupee Falls To Record Low Against U.S. Dollar

13/07/2022 6:53am

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US Dollar vs INR (FX:USDINR)
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The Indian rupee touched a record low against the U.S. dollar on Wednesday, as the latter strengthened across the board and oil prices rose.

Investors focus on the release of key U.S. inflation data that could help determine Fed's path for interest rate increases.

Markets expect a 75 basis point rate hike from the Fed later this month, which is supporting the dollar.

The Indian rupee fell to a record low of 79.68 against the greenback from Tuesday's close of 79.46.

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P: V:gb D:20221206 21:17:43