In the interbank forex market, the domestic unit opened lower at 74.25, following a sell off in domestic stocks. The rupee touched a low of 74.33 and a high of 73.90 during the day.

The rupee cut its initial losses to settle a 14-pea rise to 73.95 (provisional) against the US dollar on Monday after the US dollar lost in global markets.

In the interbank forex market, the domestic unit opened lower at 74.25, following a sell off in domestic stocks. The rupee touched a low of 74.33 and a high of 73.90 during the day.

Domestic unit ultimately finished 14 paise higher at 73.95 against the US dollar. On Friday, the rupee closed at 74.09 against the US dollar.

Meanwhile, the dollar index, which measures the strength of the greenback against a basket of six currencies, fell 0.14% to 91.15.

On the domestic stock market front, the BSE Sensex rebounded from its first lows and stood at 63.84 points or 0.13% down to 48,718.52, while the NSE Nifty closed 3.05 points or 0.02% more to 14,634.15.

Foreign Institutional Investors (FIIs) have remained net sellers in capital markets as they released ₹ 3,465.07 crore on Friday, according to exchange data.

Futures on Brent, the world’s benchmark for oil, fell 0.63% to $ 66.34 per barrel.

.