Indian rupee strengthened against the US dollar on Monday amid weakness in American currency against its major rivals in the overseas market. Although, rising crude prices in the international market and foreign fund outflows weighed on rupee sentiments. Continued spread of the Delta coronavirus variant also made the investors cautious and limited gains in rupee. Foreign Institutional Investors (FIIs) were net sellers in the capital market on Friday as they offloaded shares worth ?2,287.03 crore, exchange data showed.
The partially convertible currency is currently trading at 74.28, stronger by 11 paise from its previous close of 74.39 on Friday. The currency touched a high and low of 74.3075 and 74.2675 respectively.
