In the interbank market for forex in the local market, the currency was traded in 79.86 with respect to greenback, and eventually settled at 79.76.The rupee increased 14 paise and closed in the range of 79.76 (provisional) with respect to the US dollar on Monday. The dollar was gaining momentum in the wake of the strong regional peers as well as the soft greenback. In an interbank market for forex the local currency was trading in 79.86 with respect to greenback. It then eventually settled with 79.76 (provisional) which was an increase of 14 points over its previous closing. The local currency saw an intra-day record high of 79.70 and the lowest at 79.87 in relation to the American currency. In the previous period, the rupee been trading with a value of 79.90 in relation to the American currency. The dollar index that gauges the strength of the greenback against an array of six currencies and was down 0.38 percent to 106.32.Brent crude oil futures which is the global oil benchmark, increased 1.25 percent to USD 104.49 per barrel.
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