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At the interbank foreign exchange market, the local unit opened at 83.30 against the US dollar, showing a rise of 2 paise over the last close. The unit had closed at 83.32 on Wednesday.
The rupee gained 33 paise to 81.77 against the US dollar in early trade on Monday supported by sustained foreign fund inflows and bullish momentum in domestic equities as benchmark indices touched all-time highs.
Rupee took lead in the gains in Asian currencies against the US dollar. South Korean won and Malaysian ringgit also appreciated. However, the upside was capped due to fears that central banks across the globe would keep raising rates and the Chinese government setting a modest growth rate of 5% for the economy in 2023.