Rupee rises 14 paise to close at ₹79.76 against U.S. dollar
The Hindu
The local unit witnessed an intra-day high of ₹79.70 and a low of ₹79.87 against the American currency.
The rupee appreciated 14 paise to close at ₹79.76 (provisional) against the U.S. dollar on Monday, tracking strong regional peers and soft greenback.
At the interbank forex market, the local unit opened at ₹79.86 against the greenback and finally settled at ₹79.76 (provisional), registering a rise of 14 paise over its previous close.
During the session, the local unit witnessed an intra-day high of ₹79.70 and a low of ₹79.87 against the American currency.
In the previous session, the rupee had closed at ₹79.90 against the American currency.
The dollar index, which measures the greenback's strength against a basket of six currencies, was down 0.38% at 106.32.
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According to Dilip Parmar, Research Analyst, HDFC Securities, the Indian rupee started the week on the front foot following stronger regional currencies and weaker crude oil prices.
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