The local unit, however, faced resistance due to strengthening American currency and subdued sentiment in the domestic equity markets, forex traders said. 

The rupee's ascent is expected to be bolstered by a predominantly weak dollar. The dollar index stood at 102.70, following a dip to nearly a two-month low on Friday, prompted by a decline in U.S. Treasury yields that diminished demand for the dollar.

Finance Minister Nirmala Sitharaman delivered significant insights during the Pandit Hriday Nath Kunzru Memorial Lectures 2024 at JNU, shedding light on India's robust economic fundamentals and the evolving global trade scenario.

At the interbank foreign exchange, the local unit opened at 82.94 against the greenback. It hit an intraday high of 82.83 during the day. The domestic unit finally settled at 82.83 (provisional) against the dollar, higher by 13 paise from its previous close of 82.96.

At the interbank foreign exchange, the local unit opened at 82.90 against the greenback. It hit an intra-day high of 82.86 and a low of 82.97.