The dollar index, which measures the US currency’s strength against a basket of major currencies, was at 96.937 vs. its previous close of 96.93.
On the economy front, India’s exports in June 2019 were $25.01bn vs. $27.70bn in June 2018, exhibiting a negative growth of 9.71%. Imports in June 2019 were $40.29bn, which was 9.06% in Dollar terms and 6.85% lower in Rupee terms over imports of $44.30bn over June 2018.
The Wholesale Price Index (WPI) based inflation, the base year 2011-12, declined to a 23-month low of 2.0% in June 2019 from 2.5% in May 2019.
On Monday, the local unit advanced 15 paise to settle at 68.54 against the greenback, tracking gains in domestic equities and weakness in the greenback overseas.