The Indian rupee opened higher against the U.S. dollar on Monday, tracking positive global cues and a weakening dollar index.
“The U.S. dollar slipped on Friday amid a rise in risk appetite in global markets and mixed batch of economic data from country,” ICICI Securities said in a pre-market research note. “U.S. non-farm payrolls data showed more new jobs were added in the economy whereas unemployment rate ticked higher and annual wage increases have eased.”
The local currency opened at 82.15, 0.34% higher from its close of 82.43 on Friday. During opening trade, it gained 0.37% to 82.12.
The rupee had hit record low of 83.29 on Oct. 20.