scorecardresearchRupee rises by 45 paise to close at 3-week high as foreign funds remain net buyers

Rupee rises by 45 paise to close at 3-week high as foreign funds remain net buyers

Updated: 30 Jul 2022, 08:26 AM IST
TL;DR.
At the interbank foreign exchange market, the domestic currency opened strong at 79.55 per dollar. It hovered in a range of 79.56 to 79.17 during the session. The domestic unit finally settled at 79.24 against the greenback, the highest closing level since July 7.
An collectible banknote buyer holds Indian rupee banknotes in Mumbai, India, on Wednesday, July 20, 2022. The rupee slid to all-time low of 80.06 per dollar on Tuesday, and has lost 2.4% over the past month, the third-worst performing Asian currency over the period. Photographer: Dhiraj Singh/Bloomberg

An collectible banknote buyer holds Indian rupee banknotes in Mumbai, India, on Wednesday, July 20, 2022. The rupee slid to all-time low of 80.06 per dollar on Tuesday, and has lost 2.4% over the past month, the third-worst performing Asian currency over the period. Photographer: Dhiraj Singh/Bloomberg