At the interbank foreign exchange, the rupee opened weak at 74.36 but edged up to quote 74.35 against the American dollar, showing a fall of 5 paise in the early sessionThe rupee depreciated 5 paise to 74.35 against the U.S. dollar in opening trade on November 22, as a massive sell-off in domestic equities and firm American currency overseas weighed on investor sentiment. At the interbank foreign exchange, the rupee opened weak at 74.36 but edged up to quote 74.35 against the American dollar, showing a fall of 5 paise in the early session. On November 18, the rupee had closed at 74.30 against the U.S. dollar. The dollar index, which gauges the greenback's strength against a basket of six currencies, gained 0.10% to 96.12. Foreign institutional investors were net sellers in the capital market on November 18, as they offloaded shares worth ₹3,930.62 crore, as per exchange data.

Source: The Hindu November 22, 2021 07:33 UTC