Indian rupee strengthened marginally against the US dollar on Monday amid easing crude prices globally. However, weak trend in domestic equities and strengthening US dollar ahead of an expected interest rate hikes by the US Federal Reserve this week capped rupee's gains. Meanwhile, Foreign Institutional Investors (FIIs) remained net sellers in the capital market as they offloaded shares worth Rs 3,648.30 crore on Friday, exchange data showed.
The partially convertible currency is currently trading at 76.42, stronger by 8 paise from its previous close of 76.50 on Friday. The currency touched a high and low of 76.5050 and 76.4100 respectively.
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