The rupee increased by 16 rupees to 73.35 against the US dollar at a trading in the forex market on Monday.
The people said:
There is a positive improvement in the stock market. Moreover, demand for the dollar has declined significantly in the international market as well. However, the rise in rupee value was curbed due to rising crude oil prices and the departure of investments in foreign financial institutions.
The rupee was at 73.34 against the dollar at the start of Monday’s trading in the interbank foreign exchange market. It went up to a maximum of 73.33 and a minimum of 73.48 between the world. At the end of the year, the rupee strengthened by 16 rupees and settled at 73.35. The rupee was worth 73.51 last Friday.
In the three days to Monday alone, the rupee rose by 56 rupees against the dollar, according to the sources. Foreign Investment: Foreign financial institution investors in the capital market sold shares worth Rs 1,142.75 crore on a net basis last Friday, according to market figures.
The price of Brent crude oil increased by 0.51 per cent to $68.63 per barrel at a market in the International Pre-Bargain market on Monday, according to the traders.