<p class="title">The rupee appreciated 20 paise to 69.75 against the US currency in opening trade Monday amid weakening of the American unit and positive opening in the domestic equity market.</p>.<p class="bodytext">Forex traders said weakening of the US dollar against some currencies overseas aided the local unit.</p>.<p class="bodytext">Meanwhile, the dollar index, which gauges the American currencies strength against a basket of six currencies was trading higher by 0.04 per cent at 96.44.</p>.<p class="bodytext">At the Interbank Foreign Exchange, the rupee opened on a strong note at 69.76 against the US dollar, then appreciated further to 69.76 showing a rise of 20 paise over its previous closing.</p>.<p class="bodytext">On Friday, the rupee finished at an over one-week high of 69.95 against the US currency on strong dollar buying by banks and exporters amid the greenback's weakness overseas.</p>.<p class="bodytext">Traders, however, said that significant foreign fund outflows and rising crude oil prices weighed on the domestic currency and capped the upmove.</p>.<p class="bodytext">Foreign funds sold shares worth Rs 119.60 crore from the capital markets on a net basis Friday, while domestic institutional investors bought shares worth Rs 1,199.40 crore, provisional data showed.</p>.<p class="bodytext">The global benchmark Brent crude was trading higher by 1.13 per cent at 53.81 per barrel.</p>.<p class="bodytext">Meanwhile, continuing its winning streak for a fourth straight session Monday, the BSE benchmark Sensex surged over 150 points as investors maintained their bullish stance in early trade on positive cues from other Asian bourses.</p>
<p class="title">The rupee appreciated 20 paise to 69.75 against the US currency in opening trade Monday amid weakening of the American unit and positive opening in the domestic equity market.</p>.<p class="bodytext">Forex traders said weakening of the US dollar against some currencies overseas aided the local unit.</p>.<p class="bodytext">Meanwhile, the dollar index, which gauges the American currencies strength against a basket of six currencies was trading higher by 0.04 per cent at 96.44.</p>.<p class="bodytext">At the Interbank Foreign Exchange, the rupee opened on a strong note at 69.76 against the US dollar, then appreciated further to 69.76 showing a rise of 20 paise over its previous closing.</p>.<p class="bodytext">On Friday, the rupee finished at an over one-week high of 69.95 against the US currency on strong dollar buying by banks and exporters amid the greenback's weakness overseas.</p>.<p class="bodytext">Traders, however, said that significant foreign fund outflows and rising crude oil prices weighed on the domestic currency and capped the upmove.</p>.<p class="bodytext">Foreign funds sold shares worth Rs 119.60 crore from the capital markets on a net basis Friday, while domestic institutional investors bought shares worth Rs 1,199.40 crore, provisional data showed.</p>.<p class="bodytext">The global benchmark Brent crude was trading higher by 1.13 per cent at 53.81 per barrel.</p>.<p class="bodytext">Meanwhile, continuing its winning streak for a fourth straight session Monday, the BSE benchmark Sensex surged over 150 points as investors maintained their bullish stance in early trade on positive cues from other Asian bourses.</p>