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Sensex was trading 366.66 points higher at 56,685.67
Currency Exchange1 month ago
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Stands at 175.73 as importers resort to panic buying of US dollar
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Expectations of foreign inflows worth as much as $2 billion into a slew of IPOs lifted sentiments
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On a weekly basis, FCAs, the largest component of the forex reserves, edged lower by $1.280 billion to $575.451 billion.
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Some currency dealers have blamed the outflow of dollars to neighbouring Afghanistan as reason for the decline.
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As per rates aggregated by Google, the Indian currency plunged to 24.83 versus the Dirham.
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In the Indian interbank market, the rupee opened at 73.48 against the dollar, then fell to 73.65.
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Foreign institutional investors were net sellers in the capital market on Monday.
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Rupee trades at 19.90 versus the UAE dirham on Monday morning.
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Rupee strengthens to 73.02 against the US dollar.
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