Indian Rupee Builds On Last Week’s Gains, Opens At 79.12/Dollar

The Indian rupee strengthened against the U.S. dollar at opening of trade on Monday. The domestic currency appreciated 15 paise to 79.12 against the greenback at open. It then strengthened to 79.10, according to Bloomberg data.

This is the rupee’s third consecutive session of gains after the U.S. Federal Reserve hiked rates on expected lines.

The rupee had weakened to a record low beyond 80 on July 19, and again on July 21.

Rupee has come under Intense Selling Pressure
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