The rupee on Monday gained 12 paise to close at 79.78 against the dollar. This is the one-week high of the rupee since July 14. A rise in other foreign currencies and a softening in crude oil supported the domestic currency.
The rupee opened at 79.86 in the interbank foreign exchange market. During trading, it was in the range of 79.70 to 79.87. Dilip Parmar of HDFC Securities said Rupee has started the trading week strongly against the dollar. This also contributed to the softening of crude oil prices and the strengthening of regional currencies.
Gold was marginally cheaper, silver also slipped by Rs 1,331: In the Delhi bullion market, gold was cheaper by Rs 5 to Rs 51,145 per 10 grams. Silver became cheaper from Rs 1,331 to Rs 54,351 per kg.
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