Rupee rises to 81.78 against US dollar in early trade

The rupee gained 24 paise to 81.78 against the US dollar in early trade on Monday, 10 April tracking a positive trend in domestic equities and foreign fund inflows. The rupee opened at 81.86 vs the US dollar today.

The dollar index, which compares the value of the dollar to other six currencies also, was last trading 0.1 per cent higher at 101.9. The index also compares the dollar to the yen, the pound, the Canadian dollar, the Swedish krona, the Swiss franc, and the euro.

The domestic unit started off at the interbank foreign exchange at 81.90 versus the dollar before rising to 81.78, representing a gain of 24 paise from its previous finish. On Thursday, the rupee closed at 82.02 against the US currency. 

At 10.31 AM IST, the rupee was trading at Rs 81.93, up 0.11 per cent against USD.

On April 7, equity and forex markets were closed on account of Good Friday.

The benchmark for global oil, Brent crude futures, fell 0.22 per cent to $84.93 a barrel.

On the domestic side, the rupee remained largely unaffected after the Reserve Bank of India Monetary Policy Committee meeting.

In the domestic equity market, the 30-share BSE Sensex advanced 55.91 points or 0.09 per cent to 59,888.88. The broader NSE Nifty gained 22.25 points or 0.13 per cent to 17,621.40.

Foreign Institutional Investors (FIIs) were net buyers in the capital market on Thursday as they purchased shares worth Rs 475.81 crore, according to exchange data.

With PTI inputs