INDIAN RUPEE VERSUS US DOLLAR TODAY, AUGUST 29: Following the strength of the American dollar and stable crude oil prices, the rupee regained some of its losses to end the day on Monday 10 paise lower at 79.94 (provisional) against the U.S. dollar. Analysts saudm "Over the next several sessions, the USD/INR spot price is anticipated to trade in a band of Rs 79.20 to Rs 80.80,"
The local currency began trading at 80.10 on the interbank foreign exchange market and dropped to an intraday low of 80.15 versus the dollar. In the end, the local currency fell 10 paise from its previous closing of 79.84 to end at 79.94 per dollar. For the first time ever, the rupee's closing price versus the dollar on July 20 was 80.05, or below the 80-mark.
After Federal Reserve Chair Jerome Powell took a hawkish tone to combat inflation, the dollar index, which measures the value of the dollar against a basket of six different currencies, was trading 0.28% higher at 109.10. After U.S. Fed Chair Jerome Powell gave a hawkish speech, the world's markets plunged by more than 2%.

Meanwhile, the benchmark for world oil, Brent crude futures, increased by 0.64% to $101.64 a barrel.
On the Indian share market front, the BSE Sensex closed 861.25 points, or 1.46%, lower at 57,972.62 on the domestic equities market, while the larger NSE Nifty fell 246.00 points, or 1.4%, to 17,312.90.

According to stock exchange data, foreign institutional investors sold shares worth 51.12 crore on Friday, creating a net selling situation in the capital market.

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