The dollar index gained 0.02% to 93.07.
The Indian rupee traded with moderate gains of 3 paise at 73.13 against the U.S. dollar in the opening session on Monday, tracking softer crude oil prices and sustained buying in domestic equities.The domestic unit started off the session on a strong note at 73.10, up 6 paise, but ceded some ground as trade progressed and quoted 73.13 a dollar at 1020 hours.The domestic currency had settled 8 paise higher at 73.16 a dollar on Friday after the Reserve Bank kept key interest rates unchanged while retaining an accommodative stance.On a weekly basis, however, the domestic currency had lost 3 paise to the U.S. dollar.Global crude oil benchmark Brent was trading 0.84 per cent lower at 42.46 a barrel.Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, gained 0.02% to 93.07.On the domestic equity market front, the BSE Sensex was trading 246.06 points up at 40,755.55; and the NSE Nifty was 58 points higher at 11,972.Foreign investors had offloaded Indian equities worth a net ₹39.39 crore on Friday, exchange data showed.
A letter from the Editor
Dear subscriber,Thank you!Your support for our journalism is invaluable. It’s a support for truth and fairness in journalism. It has helped us keep apace with events and happenings.The Hindu has always stood for journalism that is in the public interest. At this difficult time, it becomes even more important that we have access to information that has a bearing on our health and well-being, our lives, and livelihoods. As a subscriber, you are not only a beneficiary of our work but also its enabler.We also reiterate here the promise that our team of reporters, copy editors, fact-checkers, designers, and photographers will deliver quality journalism that stays away from vested interest and political propaganda.Suresh Nambath