<p>Mumbai: The rupee gained 2 paise to settle at 82.89 (provisional) against the US dollar in a range-bound trade on Monday, tracking volatility in the equity market.</p>.<p>Forex traders said inflow of foreign funds and softer crude oil prices provided support to the Indian currency.</p>.<p>Also, the dollar retreated from higher levels as investors moved cautiously ahead of inflation and other macroeconomic data to be released in India and elsewhere this week, they said.</p>.<p>At the interbank foreign exchange market, the local unit opened at 82.88 and finally settled at 82.89 (provisional) against the dollar, registering a gain of 2 paise from its previous close.</p>.<p>During the day, the rupee witnessed a range-bound movement, touching an intra-day high of 82.86 and a low of 82.91 against the American currency.</p>.<p>On Friday, the rupee settled 6 paise lower at 82.91 against the US dollar.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, was 0.05 per cent lower at 103.80.</p>.<p> Brent crude futures, the global oil benchmark, was trading 0.58 per cent lower at $81.15 per barrel.</p>.<p>On the domestic equity market front, Sensex declined 352.67 points, or 0.48 per cent, to settle at 72,790.13 points. The Nifty fell 90.65 points, or 0.41 per cent, to 22,122.05 points.</p>.<p>Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Friday as they purchased worth Rs 1,276.09 crore, according to exchange data.</p>.<p>India's forex reserves declined $5.24 billion to $617.23 billion for the week ending February 9, according to weekly data released by the Reserve Bank of India (RBI) on Friday.</p>
<p>Mumbai: The rupee gained 2 paise to settle at 82.89 (provisional) against the US dollar in a range-bound trade on Monday, tracking volatility in the equity market.</p>.<p>Forex traders said inflow of foreign funds and softer crude oil prices provided support to the Indian currency.</p>.<p>Also, the dollar retreated from higher levels as investors moved cautiously ahead of inflation and other macroeconomic data to be released in India and elsewhere this week, they said.</p>.<p>At the interbank foreign exchange market, the local unit opened at 82.88 and finally settled at 82.89 (provisional) against the dollar, registering a gain of 2 paise from its previous close.</p>.<p>During the day, the rupee witnessed a range-bound movement, touching an intra-day high of 82.86 and a low of 82.91 against the American currency.</p>.<p>On Friday, the rupee settled 6 paise lower at 82.91 against the US dollar.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, was 0.05 per cent lower at 103.80.</p>.<p> Brent crude futures, the global oil benchmark, was trading 0.58 per cent lower at $81.15 per barrel.</p>.<p>On the domestic equity market front, Sensex declined 352.67 points, or 0.48 per cent, to settle at 72,790.13 points. The Nifty fell 90.65 points, or 0.41 per cent, to 22,122.05 points.</p>.<p>Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Friday as they purchased worth Rs 1,276.09 crore, according to exchange data.</p>.<p>India's forex reserves declined $5.24 billion to $617.23 billion for the week ending February 9, according to weekly data released by the Reserve Bank of India (RBI) on Friday.</p>