Indian rupee appreciated against the US dollar on Monday amid positive WPI data. Traders took support as Wholesale price inflation declined to 0.39 per cent in May as prices of food articles, manufactured products, and fuel eased. WPI-based inflation was 0.85 per cent in April. It was 2.74 per cent in May last year. Traders overlooked the provisional data from the National Stock Exchange showed foreign portfolio investors remained net sellers of Indian equities for the 3rd straight session on Friday, offloading stocks worth Rs 1,263.52 crore. On the global front, Japanese yen weakened against other major currencies in the Asian session on Monday amid increased risk-on mood by the investors, boosted by strong gains in energy and mining stocks amid spiking commodity prices following the escalation in geopolitical tensions in the Middle East.

Finally, the rupee ended at 86.05 (Provisional), appreciated by 06 paise from its previous close of 86.11 on Friday. The currency touched a high and low of 86.24 and 85.94 respectively.