<p>The rupee appreciated by 45 paise to close at 81.90 (provisional) against the US dollar on Monday amid a weak American currency and sustained foreign fund inflows.</p>.<p>At the interbank foreign exchange market, the local unit opened at 82.14 and touched an intra-day high of 81.90 and a low of 82.32 against the greenback.</p>.<p>The local unit finally settled at 81.90, registering a rise of 45 paise over its previous close amid a positive trend in domestic equities.</p>.<p>On Friday, the rupee had appreciated by 53 paise to close at 82.35.</p>.<p>"Indian Rupee appreciated on weak US Dollar and positive domestic markets. Asian markets jumped today following a surge in US and European markets on Friday," said Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas.</p>.<p>Choudhary further said the rupee is expected to trade with a positive bias on rise in risk appetite in global markets and weak dollar.</p>.<p>"FII inflows may also support rupee. However, a surge in crude oil prices may cap sharp gains. Investors may remain cautious ahead of trade balance data from India.</p>.<p>"Market participants may remain vigilant ahead of inflation data from the US later this week. USD-INR spot price is expected to trade in a range of Rs 81.25 to Rs 82.80," Choudhary said.</p>.<p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.31 per cent to 110.52.</p>.<p>Global oil benchmark Brent crude futures fell 0.41 per cent to USD 98.17 per barrel.</p>.<p>On the domestic equity market front, the 30-share BSE Sensex advanced 234.79 points or 0.39 per cent to end at 61,185.15, while the broader NSE Nifty gained 85.65 points or 0.47 per cent to 18,202.80.</p>.<p>Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Friday as they purchased shares worth Rs 1,436.25 crore, according to exchange data. </p>
<p>The rupee appreciated by 45 paise to close at 81.90 (provisional) against the US dollar on Monday amid a weak American currency and sustained foreign fund inflows.</p>.<p>At the interbank foreign exchange market, the local unit opened at 82.14 and touched an intra-day high of 81.90 and a low of 82.32 against the greenback.</p>.<p>The local unit finally settled at 81.90, registering a rise of 45 paise over its previous close amid a positive trend in domestic equities.</p>.<p>On Friday, the rupee had appreciated by 53 paise to close at 82.35.</p>.<p>"Indian Rupee appreciated on weak US Dollar and positive domestic markets. Asian markets jumped today following a surge in US and European markets on Friday," said Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas.</p>.<p>Choudhary further said the rupee is expected to trade with a positive bias on rise in risk appetite in global markets and weak dollar.</p>.<p>"FII inflows may also support rupee. However, a surge in crude oil prices may cap sharp gains. Investors may remain cautious ahead of trade balance data from India.</p>.<p>"Market participants may remain vigilant ahead of inflation data from the US later this week. USD-INR spot price is expected to trade in a range of Rs 81.25 to Rs 82.80," Choudhary said.</p>.<p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.31 per cent to 110.52.</p>.<p>Global oil benchmark Brent crude futures fell 0.41 per cent to USD 98.17 per barrel.</p>.<p>On the domestic equity market front, the 30-share BSE Sensex advanced 234.79 points or 0.39 per cent to end at 61,185.15, while the broader NSE Nifty gained 85.65 points or 0.47 per cent to 18,202.80.</p>.<p>Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Friday as they purchased shares worth Rs 1,436.25 crore, according to exchange data. </p>