<p>Rupee recovered from record lows and settled 15 paise higher at 77.55 (provisional) against the US dollar on Monday, supported by a weak greenback overseas.</p>.<p>At the interbank forex market, the domestic unit opened at 77.69 against the US dollar. It moved in a range of 77.51 to 77.69 during the session.</p>.<p>The rupee finally snapped its three-session losing streak and closed at 77.55, registering a rise of 15 paise over its previous close.</p>.<p>On Friday, the rupee had settled at a record low of 77.70 against the American currency.</p>.<p>According Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services, rupee continued to consolidate and volatility remained confined to a narrow range despite choppiness in domestic equities.</p>.<p>"Today volatility for the dollar could remain low as no major economic data is expected to be released from the US. We expect the USD-INR (Spot) to trade sideways and quote in the range of 77.20 and 77.80," Somaiya added.</p>.<p>However, unabated foreign fund outflows and firm crude oil prices weighed on the rupee and kept the appreciation bias capped.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 1 per cent lower at 102.12.</p>.<p>On the domestic equity market front, the 30-share BSE Sensex ended 37.78 points or 0.07 per cent lower at 54,288.61, while the broader NSE Nifty fell 51.45 points or 0.32 per cent to 16,214.70.</p>.<p>Brent crude futures, the global oil benchmark, advanced 1.27 per cent to $113.98 per barrel.</p>.<p>Foreign institutional investors remained net sellers in the capital market on Friday as they offloaded shares worth Rs 1,265.41 crore, as per stock exchange data.</p>
<p>Rupee recovered from record lows and settled 15 paise higher at 77.55 (provisional) against the US dollar on Monday, supported by a weak greenback overseas.</p>.<p>At the interbank forex market, the domestic unit opened at 77.69 against the US dollar. It moved in a range of 77.51 to 77.69 during the session.</p>.<p>The rupee finally snapped its three-session losing streak and closed at 77.55, registering a rise of 15 paise over its previous close.</p>.<p>On Friday, the rupee had settled at a record low of 77.70 against the American currency.</p>.<p>According Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services, rupee continued to consolidate and volatility remained confined to a narrow range despite choppiness in domestic equities.</p>.<p>"Today volatility for the dollar could remain low as no major economic data is expected to be released from the US. We expect the USD-INR (Spot) to trade sideways and quote in the range of 77.20 and 77.80," Somaiya added.</p>.<p>However, unabated foreign fund outflows and firm crude oil prices weighed on the rupee and kept the appreciation bias capped.</p>.<p>The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 1 per cent lower at 102.12.</p>.<p>On the domestic equity market front, the 30-share BSE Sensex ended 37.78 points or 0.07 per cent lower at 54,288.61, while the broader NSE Nifty fell 51.45 points or 0.32 per cent to 16,214.70.</p>.<p>Brent crude futures, the global oil benchmark, advanced 1.27 per cent to $113.98 per barrel.</p>.<p>Foreign institutional investors remained net sellers in the capital market on Friday as they offloaded shares worth Rs 1,265.41 crore, as per stock exchange data.</p>