The Indian rupee strengthened by 26 paise to 74.48 against the US dollar in early trade on Monday, tracking a firm trend in the domestic equity market. At the interbank foreign exchange, the domestic unit opened at 74.51 against the dollar, then inched higher to 74.48, registering a gain of 26 paise over its previous close. On Friday, the rupee had settled at 74.74 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.12 per cent up at 92.33. Global oil benchmark Brent crude futures fell 0.05 per cent to USD 76.13 per barrel.

Source: The Hindu July 05, 2021 05:22 UTC