Rupee Opens: Indian rupee opened 6 paise lower... ... Stock Market Live Updates: Nifty may start below 16,900; Shriram Properties shares to list today

Rupee Opens:

Indian rupee opened 6 paise lower at 76.14 per dollar on Monday against Friday's close of 76.08.

The US dollar increased by 0.56% on Friday amid risk aversion in global markets. Market sentiments were hurt on worries over rising interest rates and surge in Covid-19 cases slowing global economic recovery. Further, the dollar strengthened as the US Federal Reserve said they would accelerate the pace of monetary tightening and signalled three rate hikes next year, said ICICI Direct.

Rupee future maturing on December 29 appreciated by 0.11% on weakness in the dollar and softening of crude oil prices, it added.