Rupee appreciates 17 paise to 68.93 against US dollar

Mumbai: The rupee appreciated 17 paise to 68.93 against the US dollar in opening trade Monday driven by weakening greenback in overseas markets and sustained foreign inflows.

The rupee Friday had jumped 24 paise to close at 69.10 against the US dollar on sustained foreign fund inflows and heavy buying in domestic equities.

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Meanwhile, foreign institutional investors (FIIs) remained net buyers in the capital market, putting in Rs 4,323.49 crore on a net basis Friday, as per provisional data.

Meanwhile, the benchmark BSE Sensex was trading higher by 232.31 points, or 0.61 per cent, at 38,256.63. (PTI)

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