At the interbank overseas change, the home unit opened at 82.69 towards the greenback, then gained floor and touched 82.66.
The rupee gained 16 paise to 82.66 towards the US greenback in early commerce on Monday because the American foreign money retreated from its elevated ranges.
The rupee on Monday gained 16 paise to 82.66 towards the US greenback within the early commerce because the American foreign money retreated from its elevated ranges. According to foreign exchange merchants, weak crude oil costs additionally lent some assist to the native unit.
At the interbank overseas change, the home unit opened at 82.69 towards the greenback, then gained floor and touched 82.66, registering an increase of 16 paise over its earlier shut. In preliminary commerce, the rupee additionally touched a low of 82.71 towards the American foreign money.
Anil Kumar Bhansali, head (treasury) at Finrex Treasury Advisors, mentioned “The US vacation at the moment ensured decrease money demand. Also, the RBI appears to be defending the rupee at 82.85/90 ranges.”
On Friday, the rupee closed at 82.82 against the US currency.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.13 per cent to 103.99. Brent crude futures, the global oil benchmark, advanced 0.61 per cent to USD 83.51 per barrel.
In the domestic equity market, the 30-share BSE Sensex on Monday opened 142.87 points or 0.35 per cent higher at 61,145.44, while the NSE Nifty began the day with a gain of 22.75 points or 0.13 per cent at 17,966.95. Foreign Institutional Investors (FIIs) were net sellers in the capital market on Friday as they offloaded shares worth Rs 624.61 crore, according to exchange data.
