Rupee appreciates 14 paise to 71.58 against US dollar in early trade


MUMBAI: The rupee appreciated by 14 paise to 71.58 against the US dollar in early trade on Monday.

At the interbank foreign exchange, the rupee opened at 71.72, then gained further ground and touched a high of 71.58, registering a rise of 14 paise over its previous close.

On Friday, the rupee had settled at 71.72 against the US dollar.

Domestic bourses opened on a negative note on Monday with benchmark indices Sensex trading 129.77 points higher at 36,852.00 and Nifty up 31.90 points at 10,914.30.

According to provisional exchange data, Foreign institutional investors (FIIs) remained net sellers in the capital market, pulling out Rs 957.05 crore on Friday.

Brent crude futures, the global oil benchmark, rose 0.96 per cent to trade at USD 62.13 per barrel.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.04 per cent to 98.43.

The 10-year government bond yield was at 6.59 per cent in morning trade.



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