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The rupee gained 6 paise to 82.55 against the US dollar in early trade on Monday supported by sustained foreign fund inflows and a bullish momentum in domestic equities.
At the interbank foreign exchange, the domestic unit opened at 82.65 against the dollar and then rose to 82.55, registering a gain of 6 paise over its previous close.
On Friday, the rupee closed at 82.61 against the US currency.
Meanwhile, the dollar index rose 0.18 per cent to 102.45.
Brent crude futures, the global oil benchmark, was trading 0.65 per cent higher at $77.96 per barrel.
Also read: Global 360: Market fear of US Fed rate hikes impacts dollar, rupee
Forex traders said the rupee is trading on a positive note on sustained foreign fund inflows and positive macroeconomic indicators.
India's foreign exchange reserves rose by $1.853 billion to $595.051 billion in the week ended June 30, the Reserve Bank of India said on Friday.
In the domestic equity market, BSE Sensex advanced 149.62 points or 0.23 per cent to 65,430.07. NSE Nifty also rose 59.50 points or 0.31 per cent to 19,391.30.
Foreign Institutional Investors (FIIs) were net buyers in the capital market on Friday as they purchased shares worth Rs 790.40 crore, according to exchange data.
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