Forex, money markets closed today for Gudi Padwa

Forex, money and major commodity markets will remain closed on Monday on account of Gudi Padwa.

The Indian rupee in its previous session on Friday had continued its upward march and shot up by 40 paise to close above 60-mark for the first time in last eight months, buoyed by strong local equities amid hefty capital inflows.

Sustained dollar selling by exporters too aided the rupee rise.

At the Interbank Foreign Exchange (Forex) market, the rupee on Friday settled at 59.91, showing a surge of 40 paise or 0.66 per cent.

Meanwhile, the BSE Sensex touched new highs in morning trade on Monday, trading at 22,387.30, up 47.33 points at 11:20 am.