<p>The rupee depreciated 15 paise to 82.77 against the US dollar in early trade on Monday as firm crude oil prices weighed on investor sentiments.</p>. <p>At the interbank foreign exchange, the domestic unit opened at 82.71, then touched 82.77, registering a decline of 15 paise over its last close.</p>. <p>On Friday, the rupee had settled at 82.62 against the dollar.</p>.Markets climb in early trade on firm global trends, encouraging domestic macroeconomic data. <p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell marginally by 0.06 per cent to 104.17.</p>. <p>'This week, services PMI and factory orders number from the US will be important to watch. Better-than-expected data could lift the dollar further higher,' said Gaurang Somaiya, forex and bullion analyst, Motilal Oswal Financial Services.</p>. <p>Somaiya further said,'We expect the USDINR (Spot) to trade sideways with a negative bias and quote in the range of 82.30 and 82.80.' Brent crude futures, the global oil benchmark, rose 0.01 per cent to $88.56 per barrel on tighter supply outlook.</p>. <p>In the domestic equity market, the 30-share BSE Sensex was trading 137.71 points or 0.21 per cent higher at 65,524.87. The broader NSE Nifty advanced 56.30 points or 0.29 per cent to 19,491.60.</p>. <p>Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Friday as they purchased shares worth Rs 487.94 crore, according to exchange data.</p>. <p>Meanwhile, India's forex reserves dropped by $30 million to $594.858 billion in the week ended August 25, the Reserve Bank said on Friday.</p>. <p>In the previous week, the overall reserves had dropped by USD 7.273 billion to $594.888 billion. </p>
<p>The rupee depreciated 15 paise to 82.77 against the US dollar in early trade on Monday as firm crude oil prices weighed on investor sentiments.</p>. <p>At the interbank foreign exchange, the domestic unit opened at 82.71, then touched 82.77, registering a decline of 15 paise over its last close.</p>. <p>On Friday, the rupee had settled at 82.62 against the dollar.</p>.Markets climb in early trade on firm global trends, encouraging domestic macroeconomic data. <p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell marginally by 0.06 per cent to 104.17.</p>. <p>'This week, services PMI and factory orders number from the US will be important to watch. Better-than-expected data could lift the dollar further higher,' said Gaurang Somaiya, forex and bullion analyst, Motilal Oswal Financial Services.</p>. <p>Somaiya further said,'We expect the USDINR (Spot) to trade sideways with a negative bias and quote in the range of 82.30 and 82.80.' Brent crude futures, the global oil benchmark, rose 0.01 per cent to $88.56 per barrel on tighter supply outlook.</p>. <p>In the domestic equity market, the 30-share BSE Sensex was trading 137.71 points or 0.21 per cent higher at 65,524.87. The broader NSE Nifty advanced 56.30 points or 0.29 per cent to 19,491.60.</p>. <p>Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Friday as they purchased shares worth Rs 487.94 crore, according to exchange data.</p>. <p>Meanwhile, India's forex reserves dropped by $30 million to $594.858 billion in the week ended August 25, the Reserve Bank said on Friday.</p>. <p>In the previous week, the overall reserves had dropped by USD 7.273 billion to $594.888 billion. </p>