Rupee appreciates 15 paise against US dollar

The rupee appreciated 15 paise to 69.99 against the US dollar on Monday on weakening greenback, fresh foreign inflows and higher opening of domestic equities.

In its previous session on Friday, the rupee edged 14 paise lower to close at 70.14.

On a weekly basis, however, the domestic currency logged 78 paise gains.

The US dollar depreciated against most Asian currencies after Federal Reserve Chairman Jerome Powell said the central bank was in no hurry to change interest rates, forex traders said adding that fresh foreign fund inflows and positive sentiment on Dalal Street also buoyed the local unit.

Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 1,095.06 crore on Friday, as per provisional data.