The Indian rupee on Monday, July 25, provisionally rose 14 paise to Rs79.76 against the US dollar, mirroring strong regional rivals and a weak greenback.
The rupee opened at Rs.79.86 versus the US dollar on the interbank forex market and eventually finished at Rs.79.76, up 14 paise from its previous closing.
During the session, the rupee reached an intra-day high of Rs.79.70 and a low of Rs.79.87 versus the US dollar. The dollar index, which measures the strength of the US currency against a basket of six currencies, fell 0.38 percent to 106.32.
Brent crude futures increased 1.25 percent to USD 104.49 per barrel, the global oil benchmark.
On the Indian share market front, the BSE Sensex finished 306.01 points, or 0.55 percent, lower at 55,766.22, while the broader NSE Nifty fell 88.45 points, or 0.53 percent, to 16,631.00.
According to exchange data, foreign institutional investors (FIIs) were net sellers in the capital market on Friday, selling shares worth Rs.675.45 crore.
Commodity Gold market Watch: The spot gold price is currently trading in the USD 1680 to USD 1750 per ounce band, while MCX gold rates are trading in the Rs4,500 to Rs5,500 per 10 gm range. Analysts says that USD 1680 has been a significant support for the international gold price for the last two years, and that as long as the yellow metal price remains above these levels, one should retain a 'buy on dips' strategy. They went on to say that a negative trend can only be expected if this critical support is breached.
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