The Indian rupee ended weaker against the US dollar on Monday. Traders ignored Finance Ministry’s statement that net direct tax collection till June 17 this fiscal rose by 11.18 per cent to Rs 3.80 lakh crore on higher advance tax mop up. The Advance Tax collections for the April-June quarter of 2023-24 stood at Rs 1,16,776 crore as of June 17, reflecting a growth of 13.70 per cent over the same period last fiscal. On the global front, the pound hit a 10-month high versus the euro on Monday as investors waited for British inflation data and a Bank of England decision later in the week. Besides, Russian rouble edged higher on Monday, reclaiming some of last week's losses as foreign currency supply begins to pick up, but geopolitical risks and lower oil prices continuing to exert downward pressure.
Finally, the rupee ended at 81.93 (Provisional), weaker by 3 paise from its previous close of 81.90 on Friday. The currency touched a high and low of 82.01 and 81.90 respectively.
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