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Indian Rupee Reverses Losses, Strengthens Against The U.S. Dollar

The Indian rupee appreciated against the U.S. dollar on Monday, after opening weaker.

<div class="paragraphs"><p>Wealth. (Photo: Mariyam Usmani/ BQ Prime)</p></div>
Wealth. (Photo: Mariyam Usmani/ BQ Prime)

The Indian rupee ended with gains against the U.S. dollar on Monday, after opening weaker.

The local currency opened 9 paisas weaker at 81.77. It closed at 81.68 on Friday.

Intraday, the rupee had depreciated to 81.83 but closed with 0.02% gains at 81.66.

The rupee had hit a record low of 83.29 on Oct. 20.