On Friday, the rupee gained 10 paise to close at 75.93 against the US dollar
On Friday, the rupee gained 10 paise to close at 75.93 against the US dollar.
The rupee on Monday rose 14 paise to 75.79 against the US dollar in early trade on Monday amid fall in crude oil prices.
At the interbank forex, the rupee opened at 75.94 against the US dollar, then moved further to bid 75.79, registering a rise of 14 paise.
On Friday, the rupee had gained 10 paise to close at 75.93 against the US dollar.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.13% higher at 99.92.
Most of the Asian and emerging market peers are trading weak against the US dollar this Monday morning and may weigh on sentiments, said Sriram Iyer, Senior Research Analyst, Reliance Securities, though a fall in crude oil prices will impact depreciation bias. .
However, the big trigger for the markets will be the Indian and US CPI inflation data on Tuesday, Mr Iyer said.
Mr Iyer said India’s central bank last week shifted its top focus from economic growth to examining inflation risks in Asia’s third-largest economy, reining in domestic price pressures from the outbreak of the Ukraine conflict. Indicates the urgency of imposition.”
On the domestic equity market front, the 30-share Sensex was trading 322.35 points or 0.54% lower at 59,124.83, while the broader NSE Nifty fell 73.70 points or 0.41% to 17,710.65.
Global oil benchmark Brent crude futures fell 2.33% to $100.39 a barrel.
Foreign institutional investors were net sellers in the capital markets on Friday as they sold shares worth Rs 575.04 crore, according to stock exchange data.