Mumbai: The Indian rupee on Monday opened higher 17 paise to Rs 63.87 against the US dollar in near the beginning trade at the Interbank Foreign Exchange.
Forex dealers further stated that selling of the US currency by exporters and banks amid a superior commencing in domestic equities assisted the rupee gain next to dollar.
The dollar’s flaw next to some currencies abroad gave the local unit some lift. The rupee climbs 8 paise to close at two-week elevated of Rs 64.04 against the US currency assisted by dollar selling and firm stock markets.
On Friday Forex market was closed for ‘Ganesh Chaturthi’.
Domestic equity markets opened in green positive global cues. The BSE Sensex commenced 160 points, or 0.51 per cent, grew at 31,756, whereas NSE Nifty index opened 50 points, or 0.51 per cent, grew at 9,907. The GoI benchmark 6.79% 2027 bond yield was steady at 6.54% in the preceding session.