Indian Rupee Off 1-1/2-month Low Against U.S. Dollar
29 Agosto 2022 - 03:13AM
RTTF2
The Indian rupee recovered against the U.S. dollar in evening
deals on Monday as the Reserve Bank of India intervened in the
forex market to defend the currency.
Hawkish remarks from Federal Reserve Chair Jerome Powell lifted
the dollar index to a 20-year high, weighing on the rupee.
The central bank is required to maintain a restrictive policy
stance for some time to restore price stability, Powell said during
the Jackson Hole speech on Friday.
The Indian rupee was trading at 79.93 against the greenback,
after falling to a 1-1/2-month low of 80.13 in the morning session.
The pair had closed Friday's deals at 79.96.
US Dollar vs INR (FX:USDINR)
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US Dollar vs INR (FX:USDINR)
Gráfica de Divisa
De Dic 2022 a Dic 2023