Rupee rises 21 paise against US dollar in early trade
The rupee on Monday rose 21 paise to 74.43 against the US dollar in early trade, tracking a firm trend in the domestic equity market.
In the interbank foreign exchange market, the rupee opened at 74.49 against the dollar, and then advanced to 74.43, showing a gain of 21 paise over the previous closing price.
The rupee had closed at 74.64 against the US dollar on Friday.
Meanwhile, the dollar index, reflecting the US dollar’s position against the six major currencies, rose 0.06 per cent to 92.18.
Foreign institutional investors sold shares worth Rs 1,124.65 crore on a gross basis on Friday, according to provisional stock market data.
Global oil benchmark Brent crude futures fell 0.21 per cent to $75.39 a barrel.
