Rupee opens 14 paise higher at 70.42 against US dollar

The domestic unit on Friday spurted by 32 paise to close at a nearly two-month high of 70.56.

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Market news: The rupee climbed 14 paise to 70.42 against the US dollar in the opening deals on Monday. The domestic unit on Friday spurted by 32 paise to close at a nearly two-month high of 70.56 as crude oil prices receded following reports that Saudi Arabia had agreed on a temporary ceasefire in Yemen.

The local unit notched up gains of 38 paise on a weekly basis.

In the capital markets, after remaining net sellers for the past two months, foreign investors infused a net Rs 7,714 crore into the domestic capital markets in September following a slew of economic reforms by the government. However, FPI inflows into India will also...read more

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