The rupee continued its upward trend for the second straight session and appreciated by 9 paise to 82.93 against the US dollar in early trade on Monday
The US dollar is on track for its eighth consecutive week of gains against a basket of major currencies, marking its strongest performance since the winter of 2014-2015. According to CNN, it has surged by 5% since mid-July.
The rupee fell 2 paise to hit the lowest level of 83.15 against the US dollar in early trade on Thursday amid a strong American currency and elevated crude oil prices
On the domestic equity market front, the BSE Sensex closed 555.75 points or 0.86 per cent higher at 65,387.16 points while the broader Nifty jumped by 181.50 points or 0.94 per cent to end at 19,435.30 points.
According to Jateen Trivedi, VP Research Analyst at LKP Securities, the capital market experienced profit booking, particularly in the financial sector, which had an impact on the rupee's performance.
The rupee traded in a narrow range and appreciated by 1 paise to 82.62 against the US dollar in early trade on Thursday amid a positive trend in the domestic equity market
The rupee was trading in a narrow range and appreciated by 12 paise to 82.52 against the US dollar in early trade on Monday, tracking positive Asian peers and domestic equities