In early trading on Monday, the rupee strengthened by 33 paise to 82.33 versus the US dollar, helped by a weaker US dollar and a strong trend in local stocks.
Forex dealers said that ongoing withdrawals of foreign funds impacted investor mood and constrained the inclination toward appreciation.
The local unit started off at the interbank foreign exchange at 82.41 versus the dollar before moving up to touch 82.33, indicating an increase of 33 paise from its previous closing.
The rupee’s value in relation to the US dollar on Friday was 82.66.
The dollar index, which measures the strength of the dollar against a basket of six different currencies, decreased 0.25 percent to 103.61.
Brent crude futures, which serve as the global benchmark for oil, rose 1.06 percent to USD 79.40 a barrel.
On the domestic stock exchange, the 30-share BSE Sensex was trading 468.29 points, or 0.78 percent, higher at 60,368.66. 153.80 points or 0.86 percent more were added to the NSE Nifty index overall, bringing it to 18,013.25.
Foreign institutional investors (FIIs) were net sellers in the capital markets on Friday as a consequence of selling shares worth Rs 2,902.46 crore. This is based on exchange information.
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