The rupee strengthened seven paise and closed at 73.38 (provisional) against the US dollar on Monday, even as the domestic equity market traded with significant losses.
At the interbank forex market, the domestic unit opened at 73.43 against the US dollar and finally settled for the day at 73.38 against the greenback, registering a rise of 7 paise over its previous close.
On Friday, the rupee had settled at 73.45 against the US dollar.
During the session, the local unit witnessed an intra-day high of 73.26 and a low of 73.50 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.29 per cent to 93.19.