Indian rupee ended higher against dollar on Monday, on the back of robust buying in the domestic equities. Sentiments were positive as Central Board of Direct Taxes (CBDT) has said that the gross direct tax collections have grown 26 per cent to over Rs 13.63 lakh crore so far this fiscal, aided by TDS deductions and healthy corporate advance tax mop-up. Besides, data released by the Reserve Bank showed that India’s forex reserves rose by $2.908 billion to $564.06 billion for the week ended on December 9. On the global front, the British pound was creeping back up towards the previous week's six-month peak against the U.S. dollar on Monday, days after the Bank of England (BoE) raised the benchmark interest rate to its highest level since 2008.
Finally, the rupee ended at 82.69 (Provisional), stronger by 6 paise from its previous close of 82.75 on Friday. The currency touched a high and low of 82.80 and 82.57 respectively.
