Indian rupee ended higher against dollar on Monday, amid positive trend in domestic equities. Traders got support after Reserve Bank of India said India’s foreign exchange reserves rose by $1.853 billion to $595.051 billion in the week ended on June 30. Meanwhile, India Meteorological Department (IMD) said the bountiful rains in many parts of India in the first eight days of July have bridged the rainfall deficit for the entire country. The cumulative rainfall in the monsoon season has reached 243.2 mm, which is 2 per cent above the normal of 239.1 mm. On the global front, the dollar regained ground on Monday, partly recovering from a knee-jerk reaction to Friday data showing U.S. job gains were the smallest in two-and-a-half years, while disappointing inflation figures in China weighed on the yuan and proxies.
Finally, the rupee ended at 82.58 (Provisional), stronger by 3 paise from its previous close of 82.61 on Friday. The currency touched a high and low of 82.65 and 82.55 respectively.
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