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Rupee Trades Higher At 69.43

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The Indian rupee resumed trade on Monday marginally higher by 2 paise at 69.45 per dollar in comparison to previous session close of 69.47. At 9:41 am, the rupee was trading at 69.435 against the greenback.

Rupee Trades Higher At 69.43
 

On Friday, the rupee closed lower by 18 paise at 69.47 per dollar due to the surge in crude oil price and strengthening of the dollar in the international markets.

Rupee for some time now has remained in a narrow range even after the RBI delivered the repo rate cut and changed its monetary policy stance from 'neutral' to 'accommodative'.

Further, the rupee's trajectory during the week will be guided by the IIP and inflation numbers that are due to be released later this week.

Meanwhile, Indian benchmark indices opened higher with Sensex gaining close to 300 points, while Nifty also traded above 11, 950 levels.

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