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This growth was supported by a strong trend in the domestic stock market and a weak U.S. dollar.
In early Monday trading, the Indian rupee exchange rate against the US dollar rose by 9 paisa to 74.33 (US$20.25 against the UAE dirham), supported by the strong domestic stock market and the weak US dollar.
The rupee opened at 74.38 against the US dollar, and then rose slightly to 74.33, up 9 paises from the previous close.
At the same time, the US dollar index fell 0.10% to 92.08.
Reliance Securities said in a research report that the exchange rate of regional currencies against the U.S. dollar began to weaken slightly in early trading on Monday, and to limit the appreciation tendency.
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As the Indian economy reopens, risk appetite may improve and provide support. However, the report stated that investors will remain vigilant about strong crude oil prices. It added that investors will also look for clues from the Monetary Policy Meeting of the Reserve Bank of India this week.
BSE Sensex rose 280.31 points or 0.53% to 52,867.15, while the broader NSE Nifty rose 88.90 points or 0.56% to 15,851.95.
The global oil benchmark Brent crude oil futures fell 1.05% to US$74.62 per barrel.
(Input from PTI)
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