<p>The rupee appreciated 8 paise to provisionally close at 75.54 against the US dollar on Monday supported by optimism over the government's reopening plan for the domestic economy.</p>.<p>Forex traders said foreign fund inflows, weak American currency and positive domestic equities also boosted investor confidence.</p>.<p>The rupee opened at 75.32 at the interbank forex market, pared some gains, and finally settled at 75.54 against the US dollar, up 8 paise over its last close.</p>.<p>It had settled at 75.62 against the US dollar on Friday.</p>.<p>During the day, the local unit witnessed an intra-day high of 75.29 and a low of 75.60.</p>.<p>The government on Saturday said a phased exit would begin on June 1 from the over-two-months-long nationwide lockdown.</p>.<p>Announcing the new guidelines, the home ministry said a complete lockdown would continue till June 30 in areas identified as COVID-19 containment zones across the country, but restrictions would be lifted in a phased manner at other places after the ongoing fourth phase.</p>.<p>On the equities front, the 30-share BSE benchmark Sensex was quoting 957.09 points higher at 33,381.19 and broader Nifty rose 244.75 points to 9,825.05.</p>.<p>Foreign institutional investors were net buyers in the capital market, as they bought equity shares worth Rs 1,460.71 crore on Friday, according to provisional exchange data.</p>.<p>Brent crude futures, the global oil benchmark, rose 0.69 per cent to USD 38.10 per barrel.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.37 per cent to 97.98. </p>
<p>The rupee appreciated 8 paise to provisionally close at 75.54 against the US dollar on Monday supported by optimism over the government's reopening plan for the domestic economy.</p>.<p>Forex traders said foreign fund inflows, weak American currency and positive domestic equities also boosted investor confidence.</p>.<p>The rupee opened at 75.32 at the interbank forex market, pared some gains, and finally settled at 75.54 against the US dollar, up 8 paise over its last close.</p>.<p>It had settled at 75.62 against the US dollar on Friday.</p>.<p>During the day, the local unit witnessed an intra-day high of 75.29 and a low of 75.60.</p>.<p>The government on Saturday said a phased exit would begin on June 1 from the over-two-months-long nationwide lockdown.</p>.<p>Announcing the new guidelines, the home ministry said a complete lockdown would continue till June 30 in areas identified as COVID-19 containment zones across the country, but restrictions would be lifted in a phased manner at other places after the ongoing fourth phase.</p>.<p>On the equities front, the 30-share BSE benchmark Sensex was quoting 957.09 points higher at 33,381.19 and broader Nifty rose 244.75 points to 9,825.05.</p>.<p>Foreign institutional investors were net buyers in the capital market, as they bought equity shares worth Rs 1,460.71 crore on Friday, according to provisional exchange data.</p>.<p>Brent crude futures, the global oil benchmark, rose 0.69 per cent to USD 38.10 per barrel.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, fell by 0.37 per cent to 97.98. </p>