The Indian rupee appreciated on Monday morning amid somewhat weakening of the dollar index Around 11.20 a.m., rupee was trading at 74.44 per dollar, appreciating 19 paise from the previous close of 74.63 per greenback.

Anil Kumar Bhansali, Head of Treasury, Finrex Treasury Advisors said: "Flows from Zomato IPO should start hitting the market as dollar eases after RBI strongly ensured that 74.80 is not breached on the upside. Range for the day 74.30 to 74.70. Exporters to sell near to the higher end of 74.70 while importers to buy near the lower end for near term imports."