The Indian rupee opened higher on Monday tracking gains in the stock markets ahead of the release of WPI inflation numbers.
The currency opened higher by 14 paise at 68.59/$. The yield on the 10-year government bond was at 6.469% compared with Friday’s close of 6.488%.
Besides, easing crude oil prices and positive opening in domestic equities supported the rupee. However, foreign fund outflows weighed on the domestic currency and restricted the upmove.
The local unit on Friday had settled at 68.69 against the US dollar.
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