According to forex traders, sustained foreign fund outflows weighed on investor sentiment and limited the appreciation bias
The rupee rose 33 paise to 82.33 per dollar in early trade on Monday, supported by a weak US currency and a firm trend in domestic equities.
According to forex traders, sustained foreign fund outflows weighed on investor sentiment and limited the appreciation bias.
The domestic unit opened at 82.41 against the dollar on the interbank foreign exchange, then rose to 82.33, a 33-paise increase from its previous close.
The rupee closed at 82.66 against the US dollar on Friday.
Meanwhile, the dollar index, which measures the strength of the US currency against a basket of six currencies, dropped 0.25 percent to 103.61.
Brent crude futures rose 1.06 percent to USD 79.40 per barrel, the global oil benchmark.
The 30-share BSE Sensex was trading 468.29 points, or 0.78 percent, higher at 60,368.66 in the domestic equity market. The NSE Nifty gained 153.80 points, or 0.86 percent, to 18,013.25.
According to exchange data, foreign institutional investors (FIIs) were net sellers in the capital markets on Friday, offloading shares worth Rs 2,902.46 crore.
