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At the interbank overseas exchange, the rupee opened astatine 84.06 against the greenback and stayed astir level successful aboriginal deals, trading 1 paisa higher from its erstwhile close. (File Photo)
The rupee showed a betterment from its little level and gained marginally by 1 paisa to 84.06 against the US dollar successful aboriginal commercialized connected Monday, tracking affirmative cues from home equity markets and a brushed American currency.
However, sustained outflow of overseas funds and an upward momentum successful the crude lipid prices weighed connected the section unit, forex traders said.
At the interbank overseas exchange, the rupee opened astatine 84.06 against the greenback and stayed astir level successful aboriginal deals, trading 1 paisa higher from its erstwhile close.
On Friday, the rupee slipped 1 paisa to adjacent astatine 84.07 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback’s spot against a handbasket of six currencies, was down by 0.05 per cent to 103.25.
Brent crude, the planetary benchmark, precocious 0.33 per cent to USD 73.30 per tube successful futures trade.
On the home equity marketplace front, Sensex surged 457.90 points, oregon 0.56 per cent, to 81,682.65 points. The Nifty besides climbed 97.70 points, oregon 0.39 per cent, to 24,951.75 points.
Foreign organization investors (FIIs) were nett sellers successful the superior markets connected Friday, arsenic they offloaded shares worthy Rs 5,485.70 crore, according to speech data.
According to RBI information released connected Friday, India’s forex reserves declined by USD 10.746 cardinal to USD 690.43 cardinal for the week ended October 11. In the preceding week, the reserves had dropped by USD 3.709 cardinal to USD 701.176 billion.
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