Mumbai, Nov 17: The rupee appreciated 7 paise to settle at 88.59 against the US dollar on Monday, tracking firm domestic equity markets and lower global crude oil prices.
However, a strong greenback against major currencies overseas weighed on the domestic unit, according to forex traders.
At the interbank foreign exchange market, the rupee opened at 88.70 and hit the intra-day high of 88.56 and the low of 88.73 against the dollar.
The unit finally closed at 88.59 against the dollar, registering a gain of 7 paise from its previous closing level.
On Friday, the rupee settled 4 paise higher at 88.66 against the US currency. (PTI)
