Rupee opens 23 paise lower at 73.47 per dollar

Rupee opens 23 paise lower at 73.47 per dollar

The Indian rupee slipped in the early trade on Monday. It opened 23 paise at 73.47 per dollar against the previous close of 73.24, amid buying seen in the domestic equity market.

At 10:02 IST, the Sensex was up 429.01 points or 0.88% at 49,211.52, and the Nifty was up 118.90 points or 0.83% at 14,466.20.

"USD-INR to open around 73.43 and stay in the range of 73.30/73.60 as dollar index moves up. Sell the upticks near to 73.60 for exporters while buying the downside towards 73.30 for importers," said Anil Kumar Bhansali, Head- Treasury, Finrex Treasury Advisors.

Gold prices touched a near six-week low on Monday, extending losses from the previous session, as a stronger dollar and higher U.S. Treasury yields pressured the non-yielding bullion.

Oil prices fell on Monday on renewed concerns about global fuel demand amid strict coronavirus lockdowns in Europe and new movement restrictions in China, the world's second-largest oil user, after a jump in cases there.