The Indian rupee ended weaker against the US dollar on Monday weighed down by a surge in crude oil prices and strength of the American currency in the overseas market. Traders were worried after latest data by the Reserve Bank of India (RBI) showed India's foreign exchange reserves are down by $30 million at $594.85 billion for the week ending August 25. Investors overlooked reports that Securities and Exchange Board of India (SEBI) showed that investment in the Indian capital markets through participatory notes rose to close to a six-year high at Rs 1.23 lakh crore in July-end, making it the fifth consecutive monthly increase, on the back of stable macroeconomic fundamentals. The amount has reached the highest level since December 2017 -- when investment through the route stood at Rs 1.25 lakh crore. On the global front, the dollar edged lower on Monday, with U.S. markets closed for a holiday, as investors weighed U.S. jobs data that showed some signs of cooling, boosting bets the Federal Reserve could be at the end of its monetary tightening cycle.
Finally, the rupee ended at 82.71 (Provisional), weaker by 9 paise from its previous close of 82.62 on Friday. The currency touched a high and low of 82.77 and 82.67 respectively.
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