Indian rupee strengthened against US dollar on Monday amid firm trend in the domestic equity market tracking positive global equities after a US jobs report signalled the economic recovery remained intact. However, foreign fund outflows and firm crude oil prices capped further gains of the local unit. Meanwhile, Foreign Institutional Investors (FIIs) were net sellers as they offloaded shares worth Rs 982.80 crore in the capital market on Friday, exchange data showed.
The partially convertible currency is currently trading at 74.44, stronger by 30 paise from its previous close of 74.74 on Friday. The currency touched a high and low of 74.5500 and 74.4400 respectively.
