It had settled at 75.20 against the greenback on Friday.
India IIP contracted by 34.7 per cent in May over last year, compared to a revised contraction of 57.6 per cent in April. Today, market participants will be keeping an eye on inflation. There are hopes that it could grow at 5.30 per cent in June compared to growth of 5.84 per cent in the previous month.
The greenback ended its third week of losses on Friday as investors bought into risk-sensitive currencies on bets that the worst of the pandemic's sweeping impact was over.
In the previous week ended Jun 26, the reserves had increased by USD 1.27 billion to USD 506.84 billion.
There are hopes that the number could contract by over 37 per cent in May
The euro fell to $1.1288, slipping back after having scaled a one-month high of $1.1371 on Thursday.
Brent crude futures, the global oil benchmark, fell 0.23 per cent to USD 43.19 per barrel
The rupee skidded 9 paise to close at 75.02 against the US dollar in the previous session
The New Zealand dollar was little changed at $0.6573, also close to a one-month high.
It had settled at 74.93 against the US dollar on Tuesday.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service