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Rupee depreciates 23 paise to 79.68 against US dollar in early trade

Business Standard LogoBusiness Standard1 mo ago

Rupee depreciates 23 paise to 79.68 against US dollar in early trade - Business Standard

Quick Summary:

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.06 per cent to 106.64, as the Federal Open Market Committee (FOMC) meeting minutes showed that though things are slowing in the US, the Fed is not done with the rate hikes.

The rupee depreciated 23 paise to 79.68 against the US dollar in opening trade on Thursday, tracking the strength of the American currency in the overseas market and a muted trend in domestic equities.

At the interbank foreign exchange, the rupee opened at 79.60 against the US dollar, then fell to 79.68, registering a decline of 23 paise over the last close.


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Article Details

Author / Journalist: Press Trust of India

Category: EconomyFinance

Topics: Trade Domestic Dollar Rupee Market Paise Foreign Cent Exchange Strength India

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-08-18, 10:39:00

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Reading Time: 3 minutes read

Article Length: 404 words

Coverage Area: India

Availability: Desktop Web, Mobile Web

News ID: 147197

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About Business Standard

Business Standard Logo

Main Topics: EconomyFinance

Official Website: business-standard.com

Update Frequency: 224 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 6h 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

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