On Monday, the rupee opened weak at 82.47, depreciating 14 paise to 82.53 against the USD aided by the rise in dollar index and fluctuating oil prices. Meanwhile, the BSE Sensex was trading higher at 62,778.06. On the other hand, foreign institutional investors were net sellers in the capital markets on Friday. Furthermore, the Reserve Bank announced that India’s forex reserves reduced by USD 4.339 billion to USD 589.138 billion for the week ended May 26.
