Indian rupee strengthened against the US dollar on Monday amid a firm trend at domestic equity market. Foreign Institutional Investors (FIIs) remained net buyers in the capital market on Friday as they purchased shares worth Rs 1,909.78 crore, exchange data showed. Rupee sentiments improved further by easing crude oil prices following a worsening Covid-19 outbreak in China. The forex market was closed on Friday for the annual account closing of banks.
The partially convertible currency is currently trading at 75.53, stronger by 21 paise from its previous close of 75.74 on Thursday. The currency touched a high and low of 75.7950 and 75.5150 respectively.
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