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Rupee Rises By 10 Paise To Settle At 77.24 Against US Dollar

Rupee Rises By 10 Paise To Settle At 77.24 Against US Dollar

NDTV
Wednesday, May 11, 2022 10:43:07 AM UTC

The rupee appreciated further by 10 paise to settle at 77.24 (provisional) against the US dollar on Wednesday as the American currency retreated from its 20-year high levels.

The rupee appreciated further by 10 paise to settle at 77.24 (provisional) against the US dollar on Wednesday as the American currency retreated from its 20-year high levels.

At the interbank forex market, the domestic unit opened at 77.24 against the US dollar. It moved in a range of 77.17 to 77.31 during the day trade.

The rupee finally closed at 77.24, registering a rise of 10 paise over its previous close. On Tuesday, the rupee had settled at 77.34 against the American currency.

"Rupee consolidated in a narrow range after falling to fresh all-time lows earlier this week. On the domestic front, market participants remained cautious ahead of the inflation number that will be released on Thursday.

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