<p>Mumbai: The rupee recovered from a low level and traded with a gain of 12 paise at 90.66 against the US dollar in early deals on Monday, tracking a retreating greenback against major overseas rivals.</p>.<p>However, persistent outflow of foreign funds from domestic equity markets and higher crude oil prices overseas amid a volatile geopolitical situation kept investors cautious, forex analysts said.</p>.<p>At the interbank foreign exchange, the rupee opened at 90.68 and gained further to trade at 90.66 against the greenback, registering a gain of 12 paise from its previous closing level.</p>.<p>The rupee crashed 44 paise to settle near its lowest level at 90.78 against the US dollar on Friday, after losing 17 paise in the preceding two sessions.</p>.<p>Meanwhile, the dollar index, which measures the greenback's strength against a basket of six currencies, was trading 0.21 per cent lower at 98.99.</p>.<p>Analysts said that the domestic currency found support amid a sell-off in dollar after US President Donald Trump announced imposing tariffs on European countries if they resist his plan to buy Greenland.</p>.<p>Brent crude, the global oil benchmark, was trading 0.17 per cent higher at $64.24 per barrel in futures trade.</p>.<p>On the domestic equity market front, the Sensex declined 482.80 points or 0.58 per cent to 83,087.55, while the Nifty fell 129.30 points or 0.50 per cent to 25,565.05.</p>.<p>Foreign institutional investors offloaded equities worth Rs 4,346.13 crore on Friday, according to exchange data.</p>
<p>Mumbai: The rupee recovered from a low level and traded with a gain of 12 paise at 90.66 against the US dollar in early deals on Monday, tracking a retreating greenback against major overseas rivals.</p>.<p>However, persistent outflow of foreign funds from domestic equity markets and higher crude oil prices overseas amid a volatile geopolitical situation kept investors cautious, forex analysts said.</p>.<p>At the interbank foreign exchange, the rupee opened at 90.68 and gained further to trade at 90.66 against the greenback, registering a gain of 12 paise from its previous closing level.</p>.<p>The rupee crashed 44 paise to settle near its lowest level at 90.78 against the US dollar on Friday, after losing 17 paise in the preceding two sessions.</p>.<p>Meanwhile, the dollar index, which measures the greenback's strength against a basket of six currencies, was trading 0.21 per cent lower at 98.99.</p>.<p>Analysts said that the domestic currency found support amid a sell-off in dollar after US President Donald Trump announced imposing tariffs on European countries if they resist his plan to buy Greenland.</p>.<p>Brent crude, the global oil benchmark, was trading 0.17 per cent higher at $64.24 per barrel in futures trade.</p>.<p>On the domestic equity market front, the Sensex declined 482.80 points or 0.58 per cent to 83,087.55, while the Nifty fell 129.30 points or 0.50 per cent to 25,565.05.</p>.<p>Foreign institutional investors offloaded equities worth Rs 4,346.13 crore on Friday, according to exchange data.</p>