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Indian Rupee Appreciates Sharply Against The U.S. Dollar
During the day's trade, it gained as much as 0.64% to reach 81.91, and closed at the day's high.
07 Nov 2022, 09:24 AM IST 
A man holding Rs 200 Indian bank notes. (Photo: Usha Kunji/ BQ Prime)
The Indian rupee appreciated sharply against the U.S. dollar on Monday, tracking positive global cues and a weakening dollar index.
"The U.S. dollar slipped on Friday amid a rise in risk appetite in global markets and mixed batch of economic data from the country," ICICI Securities said in a pre-market research note.
"U.S. non-farm payrolls data showed more new jobs were added in the economy whereas unemployment rate ticked higher and annual wage increases have eased."
The local currency opened at 82.15, 0.34% higher from its close of 82.43 on Friday. During the day's trade, it gained as much as 0.64% or 52.5 paise to reach 81.91, and closed at the day's high.
The rupee had hit a record low of 83.29 on Oct. 20.