Rupee ends a paisa up at 60.82

In lacklustre trade, the rupee on Monday closed a paisa up at 60.82 against the dollar on alternate bouts of demand and supply, snapping a four-day rising trend.

At the forex market, the domestic unit commenced lower at 60.85 a dollar from previous close of 60.83. It was trapped in a range of 60.7425 and 60.88 before concluding at 60.82, showing a minor rise of one paisa.

In previous four days, it had risen by 32 paise.

The benchmark S&P BSE Sensex on Monday washed out initial sharp losses and gained 116.32 points to end at two-week high. FIIs bought shares worth $18.48 million last Friday, as per Sebi data.

The dollar index was down 0.04 per cent against its major global rivals.

Pramit Brahmbhatt, Veracity Group CEO, said: "Rupee traded in a thin range and ended flat. Rupee is expected to appreciate in coming days tracking gains in local equities. The trading range for the spot rupee is expected to be within 60.30 to 61.30.

Bombay Stock Exchange - BSE