Indian rupee ended higher against dollar on Monday, as a sharp jump in India's forex reserves boosted investor sentiments. Reserve Bank of India said India’s forex reserves have swelled by $12.743 billion to $609.022 billion in the week ended July 14, making it one of the strongest weekly surges in the kitty in recent times. On the global front, the pound headed for a seventh straight day of losses on Monday against the dollar, its longest losing streak since the onset of the pandemic in 2020, after a survey showed Britain's private sector growing at its slowest pace in six months in July. Besides, Euro slid on Monday after activity data in key economies came in much softer than expected, giving markets a jolt at the start of a week packed with central bank meetings at which investors expect rate hikes in Europe and the United States.
Finally, the rupee ended at 81.83 (Provisional), stronger by 15 paise from its previous close of 81.98 on Friday. The currency touched a high and low of 82.04 and 81.81 respectively.
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