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Rupee strengthens against US dollar on Monday

11 Sep 2023 Evaluate
The rupee strengthened against the US dollar on Monday amid firm domestic equities, even as the capital market ignored woes arising out of foreign fund outflows and crude at $90 per barrel. Foreign Institutional Investors were net sellers in the capital markets on Friday as they offloaded shares worth Rs 224.22 crore, exchange data showed. A weak American currency against major rivals overseas also supported rupee sentiments. 

The partially convertible currency is currently trading at 82.89, stronger by 13 paise from its previous close of 83.02 on Friday. The currency touched a high and low of 82.96 and 82.83 respectively.

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