The rupee depreciated by 10 paise to 79.67 against the US dollar in opening trade on Monday, even as the equity market opened on a positive note.

At the interbank foreign exchange market, the rupee opened at 79.66 against the greenback, then fell to 79.67, registering a decline of 10 paise over its last close. In initial deals, the local unit also touched 79.64 against the dollar.

On Friday, the rupee appreciated by 12 paise to close at 79.57 against the American currency.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.23 per cent to 108.75. (PTI)

Gold: We expect gold to trade higher towards 50790 levels, a break of which could prompt the price to move higher to 51190 levels.

Crude: We expect crude to trade lower towards 6590 levels, a break of which could prompt the price to move lower to 6450 levels.

Base Metal: We expect copper to trade higher towards 662 levels, a break of which could prompt the price to move higher to 673 levels.

Stock Market LIVE: Sensex reclaims 60k, Nifty adds 120 pts; IT, Media shine

Stock Market Today: Positive sentiments intact despite the impending Fed rate hike.

Share Market LIVE Update: Indices gain around 0.7% on Monday as they followed Wall Street’s Friday rally and a green start in Nikkei. Sensex jumps around 400 points and Nifty around 100. Tech Mahindra and Adani Ports zoom in the early session, whereas Shree Cement slips.

Traders almost fully expect another jumbo-sized Fed hike next week following two 75-basis-point increases while major currencies regain some of the ground they lost to a surging dollar. Markets in China, Hong Kong and South Korea are closed today for holidays.

After impressive gains last week, Shree Cement lags in today’s session, slips 1%

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