Mumbai: The rupee appreciated by 16 paise to 68.53 against the US dollar in opening trade Monday, driven by positive opening in domestic equities and easing crude oil prices.
The rupee opened strong at 68.59 at the interbank forex market then gained further ground to touch 68.53 per dollar, displaying gains of 16 paise over its previous close.
On Friday, rupee had settled at 68.69 against the US dollar.
Meanwhile, the benchmark BSE Sensex opened on a positive note and was trading with gains of 138.45 points, or 0.36 per cent to quote at 38,874.68 while the NSE Nifty was trading at 11,584.05, up 31.55 points, or 0.27 per cent. (PTI)
