The rupee settled with good points of three paise at 74.90 (provisional) in opposition to US greenback on Monday monitoring constructive home equities.
On the interbank foreign exchange market, the rupee opened weak at 74.96, then recovered the misplaced floor and at last settled at 74.90 in opposition to the buck.
Throughout the day, the home unit witnessed an intra-day excessive of 74.85 and a low of 74.96 in opposition to the American forex.
The rupee had settled at 74.93 in opposition to US greenback on Friday.
Foreign exchange merchants mentioned, the rupee traded in a slim vary as constructive home equities and overseas fund inflows supported the rupee, whereas robust US greenback and rise in crude oil costs weighed the native unit.
The greenback index, which gauges the buck’s power in opposition to a basket of six currencies, rose 0.17 per cent to 93.59.
On the home fairness market entrance, the 30-share BSE benchmark Sensex was buying and selling 136.86 factors greater at 38,177.43 and the broader NSE Nifty rose 54.60 factors to 11,268.65.
Overseas institutional traders have been web patrons within the capital market as they bought shares value Rs 397.32 crore on Friday, in accordance with provisional change knowledge.
Brent crude futures, the worldwide oil benchmark, rose 1.10 per cent to USD 44.89 per barrel.
In the meantime, the variety of circumstances around the globe linked to Covid-19 has crossed 1.98 crore; and in India, the variety of infections touched 22,15,074.