The rupee on Monday appreciated 8 paise to close at 76.16 against the US dollar following a fall in crude oil prices and gains in the domestic equities.
A strengthening American currency overseas and concerns over renewed foreign capital outflows capped the gains in the domestic unit, forex traders said.
At the interbank forex market, the local unit opened weak at 76.36 but entered positive territory later in the session. It witnessed an intra-day high of 76.15 and a low of 76.38.
The rupee closed at 76.16, registering a rise of 8 paise over its previous close. In the previous session, the rupee had settled at 76.24 against the US dollar.
