Rupee Edges 3 Paise Higher against US Dollar at 73.13 in Opening Trade

The Indian rupee traded with moderate gains of 3 paise at 73.13 against the US dollar in the opening session on Monday, tracking softer crude oil prices and sustained buying in domestic equities. The domestic unit started off the session on a strong note at 73.10, up 6 paise, but ceded some ground as trade progressed and quoted 73.13 a dollar at 1020 hours.

The domestic currency had settled 8 paise higher at 73.16 a dollar on Friday after the Reserve Bank kept key interest rates unchanged while retaining an accommodative stance. On a weekly basis, however, the domestic currency had lost 3 paise to the US dollar.