Rupee falls 10 paise to close at 82.31 against U.S. dollar

The 30-share BSE Sensex ended 114.92 points or 0.19% higher at 59,106.44 points while the broader NSE Nifty advanced 38.30 points or 0.22% to 17,398.05 points.

The rupee depreciated 10 paise to close at 82.31 (provisional) against the U.S. currency on Monday as a strong American currency in the overseas market and firm crude oil prices weighed on investor sentiments.

At the interbank foreign exchange market, the rupee opened at 82.44 against the greenback and closed at 82.31 (provisional), registering a fall of 10 paise over its previous close of 82.21.

During the session, the domestic unit touched an intra-day high of 82.31 and a low of 82.46 against the American dollar.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.08% higher at 102.58.

Global oil benchmark Brent crude futures advanced 5.28% to $84.11 per barrel.

According to Anuj Choudhary, Research Analyst at Sharekhan by BNP Paribas, the rupee depreciated on the back of a strong dollar and weak domestic market.

Meanwhile, the decision of OPEC+ to cut crude oil production led to a sharp rise in global crude oil prices, renewing inflation concerns.