Indian rupee ended considerably higher against dollar on Monday, on persistent selling of the American currency by exporters. Sentiments were upbeat as foreign investors have infused close to Rs 8,000 crore into Indian equities in the first four trading sessions of June as risk-on sentiment improved amid rapidly falling new Covid cases and robust corporate earnings. Besides, healthy growth in the domestic equity markets added to the rupee gains. Additional support also came with NITI Aayog Vice-Chairman -- Rajiv Kumar stating that he is confident that every organisation will revise their growth projections to 10-10.5 per cent once they witness the growth rate by October. He said the recovery will start from June itself and will get pace from July. On the global front; dollar edged up as European markets opened on Monday, recovering from Friday's drop on U.S. jobs data which was below expectations.
Finally, the rupee ended 72.80, stronger by 19 paise from its previous close of 72.99 on Friday. The currency touched a high and low of 72.88 and 72.74 respectively.