<p>The rupee pared initial gains to settle 18 paise lower at 73.79 (provisional) against the US dollar on Monday even as the domestic equity market was trading with significant gains.</p>.<p>The local unit opened 3 paise lower at 73.64 at the interbank forex market. After witnessing a volatile trading session, it finally closed at 73.79 against the greenback, down 18 paise over its previous close.</p>.<p>On Friday, the rupee had staged a smart rebound and close at 73.61 against the US dollar.</p>.<p>During the session, the domestic unit witnessed an intra-day high of 73.53 and a low of 73.86 against the American currency.</p>.<p>Forex traders said investors are looking for cues from the first presidential debate between US President Donald Trump and Democratic candidate Joe Biden, set for Tuesday.</p>.<p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.16 per cent to 94.49.</p>.<p>On the domestic equity market front, BSE benchmark Sensex was trading 566.17 points higher at 37,954.83, and the broader NSE Nifty rose 174.05 points to 11,224.30.</p>.<p>Foreign institutional investors were net sellers in the capital market as they offloaded shares worth Rs 2,080.21 crore on a net basis on Friday, according to provisional exchange data.</p>.<p>Brent crude futures, the global oil benchmark, fell 0.57 per cent to $41.68 per barrel.</p>
<p>The rupee pared initial gains to settle 18 paise lower at 73.79 (provisional) against the US dollar on Monday even as the domestic equity market was trading with significant gains.</p>.<p>The local unit opened 3 paise lower at 73.64 at the interbank forex market. After witnessing a volatile trading session, it finally closed at 73.79 against the greenback, down 18 paise over its previous close.</p>.<p>On Friday, the rupee had staged a smart rebound and close at 73.61 against the US dollar.</p>.<p>During the session, the domestic unit witnessed an intra-day high of 73.53 and a low of 73.86 against the American currency.</p>.<p>Forex traders said investors are looking for cues from the first presidential debate between US President Donald Trump and Democratic candidate Joe Biden, set for Tuesday.</p>.<p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.16 per cent to 94.49.</p>.<p>On the domestic equity market front, BSE benchmark Sensex was trading 566.17 points higher at 37,954.83, and the broader NSE Nifty rose 174.05 points to 11,224.30.</p>.<p>Foreign institutional investors were net sellers in the capital market as they offloaded shares worth Rs 2,080.21 crore on a net basis on Friday, according to provisional exchange data.</p>.<p>Brent crude futures, the global oil benchmark, fell 0.57 per cent to $41.68 per barrel.</p>