The Nifty and the Sensex opened the day on a positive note as metal stocks rallied.
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4:30 PM
Rupee settles 16 paise higher at 73.35 against dollar; rises for 3rd session
The rupee continues to appreciate against the greenback.
PTI reports: “The rupee rose by 16 paise to close at 73.35 (provisional) against the US dollar on Monday, marking its third straight session of gains on the back of positive domestic equities and weak American currency.
At the interbank forex market, the rupee opened at 73.34 and hit an intra-day high of 73.33 and a low of 73.48.
The local unit finally settled at 73.35, registering a gain of 16 paise over its previous close. On Friday, the rupee had settled at 73.51 against the American currency.
The rupee has strengthened by 56 paise in the three sessions to Monday.
“The Indian rupee appreciated amid weakness in dollar and rise in risk appetite in the global markets. Markets sentiments improved on…