Indian rupee has strengthened on Monday against US dollar. Indian currency gained 8 paise or 0.13% against dollar to settle at 61.36. Rupee has witnessed a high of 61.18 and a low of 61.38. Its 52-week range was 58.34-63.91.

The Dollar index, a measure of the value of the US dollar relative to a basket of foreign currencies, fell 0.01% to settle at 85.10.

Indian markets settled on a cheerful rate on Monday led by assembly election results, broadly favourable to BJP and on oil & gas reforms. At the close, the benchmark 30-share index, BSE Sensex gained 321.32 points or 1.23% at 26,429.85 with 23 components posting rise. Meanwhile, the broad based NSE Nifty climbed by 99.70 points or 1.28% at 7,879.40 with 43 components registering rise.