Mumbai: The stock market closed higher on the first trading day of the week amid a positive international trend. This is the eighth consecutive trading session when the Sensex-Nifty closed with a lead. The Bombay Stock Exchange (BSE) Sensex, the major sensitive index, gained 84.31 points to close at 40593.80, up 0.21%.
On the other hand, the National Stock Exchange (NSE) major index Nifty Fifty closed at 11930.95 with a gain of 0.14% (16.75 points). The rupee closed at 73.28 per dollar on Monday in the interbank foreign exchange market. The rupee has depreciated after registering gains in three consecutive trading sessions. However, the rupee opened up with an upward trend in early trade.
The rupee had reached an all-time high of 73.06 per dollar. During the day, there was a movement of 25 paise in Rupee. The rupee finally lost 12 paise to close at 73.28 per dollar. Experts said that due to the strengthening of the dollar against other Asian currencies, the pressure on the rupee increased. However, the softening in crude oil prices gave the rupee some support.
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