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Rupee breaches 81 vs USD before RBI reins it in; FX reserves at 2-yr low

Business Standard LogoBusiness Standard6d ago

Rupee breaches 81 vs USD before RBI reins it in; FX reserves at 2-yr low - Business Standard

Quick Summary:

So far in 2022, the local currency has depreciated 8.

On Friday, the rupee settled at 80.99 per dollar, against Thursday’s level of 80.87.

According to dealers, the RBI sold dollars heavily around the 80.20-80.25 per dollar mark in order to curb the volatility in the rupee.


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Article Details

Author / Journalist: Bhaskar Dutta

Category: EconomyFinance

Topics: Market 2022 Bond Dollar September Currency Rupee Index Cent Level Reserves

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23, 21:34:00

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Reading Time: 5 minutes read

Article Length: 824 words

Coverage Area: India

Availability: Desktop Web, Mobile Web

News ID: 496602

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About Business Standard

Business Standard Logo

Main Topics: EconomyFinance

Official Website: business-standard.com

Update Frequency: 225 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2h ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #49

Publisher Details

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