It finally closed at 73.90 a dollar, registering a decline of 10 paise over its previous close of 73.80
The rupee dropped by 10 paise to settle at 73.90 (provisional) against the U.S. currency on Monday due to a stronger dollar in overseas markets.
At the interbank forex market, the domestic unit witnessed a volatile trading session. It opened at 73.79 and rose to an intra-day high of 73.70 and dropped to a low of 73.96.
It finally closed at 73.90 a dollar, registering a decline of 10 paise over its previous close of 73.80.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.48% to 91.13.
The U.S. dollar rose on Monday after hitting a two-and-a-half years low last week as investors cut bets on riskier assets due to fresh concerns over Brexit and U.S.- China trade relations.
On the domestic equity market front, the BSE Sensex ended 347.42 points or 0.77% higher at 45,426.97 while the broader NSE Nifty rose 97.20 points or 0.73% to 13,355.75.
Foreign institutional investors were net buyers in the capital market as they purchased shares worth ₹2,969.59 crore on a net basis on Friday, according to provisional exchange data.
Brent crude futures, the global oil benchmark, fell 0.79% to $48.86 per barrel.