The rupee increased in value by 16 paise to 68.53 against the US dollar in opening exchange Monday, driven by positive opening in local values and facilitating raw petroleum prices.The rupee opened solid at 68.59 at the interbank forex showcase at that point increased further ground to contact 68.53 per dollar, showing additions of 16 paise over its past close. On Friday, rupee had settled at 68.69 against the US dollar.Forex sellers stated, facilitating raw petroleum costs and positive opening in residential values bolstered the rupee. Be that as it may, outside store outpourings burdened the local money and limited the upmove.

Brent unrefined, the worldwide benchmark, was exchanging at 66.64 per barrel lower by 0.12 %.

Remote institutional financial specialists (FIIs) stayed net merchants in the capital markets, hauling out ₹ 850.11 crore on Friday, according to temporary data.Traders stated, the money market is relied upon to observe instability in front of arrival of WPI expansion numbers.Meanwhile, the benchmark BSE Sensex opened on a positive note and was exchanging with additions of 138.45 focuses, or 0.36 percent to cite at 38,874.68 while the NSE Nifty was exchanging at 11,584.05, up 31.55 focuses, or 0.27 percent.

Rupee rises 16 paise to 68.53 versus USD in early exchange

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