Rupee Gains 25ps To Settle At 85.13/$

Mumbai: The rupee sustained its rally for the fifth straight session and settled with gains of 25paise at 85.13 against the US dollar on Monday, boosted by a sharp fall in the dollar index and a surge in the domestic equities. The dollar index has breached the 99 mark and is trading at its lowest level in three years. Moreover, fresh foreign fund inflows and decline in crude oil prices also favoured the rupee, forex traders said. At the interbank foreign exchange, the domestic unit opened at 85.15 and moved between the intraday high of 85.03 and the low of 85.19 against the greenback. The unit ended the session at 85.13, registering a gain of 25paise over its previous closing level. On Thursday, the rupee closed 26paise higher at 85.38 against the US dollar. The Forex market was closed on Friday on account of Good Friday. In the five trading sessions, the Indian currency has added 155paise since its April 9 closing mark of 86.68 against the greenback.