<p class="title">The rupee appreciated by 19 paise to 69.34 against the US dollar in opening trade Monday, driven by weakening of the greenback and positive opening in domestic equities.</p>.<p class="bodytext">At the interbank foreign exchange market, the domestic unit opened at 69.40 against the dollar, then gained momentum and touched 69.34, up 19 paise over its previous close.</p>.<p class="bodytext">The rupee had settled at 69.53 against the US dollar Friday.</p>.<p class="bodytext">The local unit, however, pared some gains and was quoted at 69.43 against the American currency at 0947 hrs.</p>.<p class="bodytext">Forex dealers said, selling of the American currency by exporters, positive opening in domestic equities and foreign fund inflows supported the rupee.</p>.<p class="bodytext">On the other hand, rising crude prices restricted the rupee upmove.</p>.<p class="bodytext">Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 2,026.33 crore Friday, as per the provisional data.</p>.<p class="bodytext">Brent crude futures, the global oil benchmark, rose 0.03 per cent to USD 68.71 per barrel.</p>.<p class="bodytext">Meanwhile, domestic bourses opened on a bullish note Monday with benchmark indices Sensex trading 183.34 points up at 39,618.06 and Nifty up 35.05 points at 11,879.15.</p>
<p class="title">The rupee appreciated by 19 paise to 69.34 against the US dollar in opening trade Monday, driven by weakening of the greenback and positive opening in domestic equities.</p>.<p class="bodytext">At the interbank foreign exchange market, the domestic unit opened at 69.40 against the dollar, then gained momentum and touched 69.34, up 19 paise over its previous close.</p>.<p class="bodytext">The rupee had settled at 69.53 against the US dollar Friday.</p>.<p class="bodytext">The local unit, however, pared some gains and was quoted at 69.43 against the American currency at 0947 hrs.</p>.<p class="bodytext">Forex dealers said, selling of the American currency by exporters, positive opening in domestic equities and foreign fund inflows supported the rupee.</p>.<p class="bodytext">On the other hand, rising crude prices restricted the rupee upmove.</p>.<p class="bodytext">Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 2,026.33 crore Friday, as per the provisional data.</p>.<p class="bodytext">Brent crude futures, the global oil benchmark, rose 0.03 per cent to USD 68.71 per barrel.</p>.<p class="bodytext">Meanwhile, domestic bourses opened on a bullish note Monday with benchmark indices Sensex trading 183.34 points up at 39,618.06 and Nifty up 35.05 points at 11,879.15.</p>