New Delhi: The Indian rupee fell by four paise to 73.06 in early trade on Monday as the US dollar strengthened. The Indian rupee opened at 73.02 against the dollar in the interbank foreign exchange market, then declined by four paise to 73.06 against the previous close.
The rupee had closed at 73.02 against the US dollar in the previous trading session. Meanwhile, the dollar index, which shows the US dollar’s position against the six major currencies, rose 0.18 per cent to 92.20. Foreign institutional investors (FIIs) were net buyers in the capital market. According to provisional exchange data, he bought shares worth Rs 768.58 crore on Friday.
On the domestic stock market front, the 30-share Sensex was trading 274.79 points or 0.47 per cent higher at 58,404.74 on the Bombay Stock Exchange (BSE). Similarly, the broad National Stock Exchange (NSE) Nifty rose 74.70 points or 0.43 per cent to reach 17,398.30. Meanwhile, global oil benchmark Brent crude futures were down 1.06 per cent at $71.84 a barrel.