The rupee settled at 69.67 against 69.3550 at the previous close. The local unit moved in 69.5075-69.87 per dollar band intra-day.
Dollar/rupee in both onshore and offshore markets traded higher during afternoon trades Monday on likely FII outflows from local stocks and debt amid dollar demand ahead of FX swap auction on Tuesday and oil bids. Dollar/rupee in the non-deliverable forward market maturing in one month traded at Rs 70.10/$1 during European trades and Rs 70.05/$1 at start of Indian market Monday. The pair traded at Rs 69.66/$1 at close of Indian market on Thursday.
The dollar edged up against key peers such as the euro and the yen on Monday, boosted by the relative strength of the U.S. economy, while losing ground against the Canadian dollar following a rise in crude oil prices. Financial markets in Australia, Hong Kong and many major countries in Europe are closed on Monday for the Easter holiday. Currency trading continues globally but volume is expected to be light.
Euro gave up nearly 0.1 percent to $1.1240 EUR= , adding to last week's losses of nearly half a percent after data on Thursday showed that activity in Germany's manufacturing sector shrank for a fourth straight month in April. was last a shade lower at $1.2996.
Oil topped $74 a barrel on Monday, the highest since November, with the United States set to announce a further clampdown on Iranian oil exports, tightening global supplies.
Gold inched up on Monday, moving away from a near 4-month trough touched in the previous session, drawing support from a drop in equities and a jump in crude oil prices.
Global Markets at one Glance
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