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Rupee ends flat at 79.84 against US dollar

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Dion Global

22 Aug 2022

The rupee recovered early losses to close flat at 79.84 (provisional) against the US dollar on Monday amid a strong greenback overseas and a massive sell-off in equities.

However, lower crude oil prices supported the local unit, forex dealers said. At the interbank foreign exchange market, the local currency opened weak at 79.90 and moved in a range of 79.78 to 79.92 during the session.

It finally settled flat at 79.84 against the US dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.20 per cent to 108.38.