The Indian Rupee Gained In The Opening Trade On Monday

The Indian rupee gained in the opening trade on Monday. It has opened higher by 15 paise at 69.76 per dollar versus 69.91 Friday.

On Friday, Rupee rose following weakness in the dollar against its major crosses and ahead Fed chairman statement at the Jackson Hole Symposium. In the recent past, rupee has been under pressure primarily on back of global factors than domestic factors, said Motilal Oswal.

Broad dollar strength has been one of the major factors that led to weakness in major Asian currencies and rupee has been one of the weakest of the pack.

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