In cross-currency trade, the Indian unit made a modest

recovery against the British pound to settle at 82.10 from last Friday's level of 82.28 per pound.

The home unit, however remained weak against the Euro to finish at 72.02 as compared to 71.99 and fell back against the Japanese Yen to close at 58.00 per 100 yens from 57.85.

In the forward market, premium for dollar remained sluggish due to renewed receiving interest on the back of comfortable liquidity at the domestic money market.

The benchmark six-month forward dollar premium payable in November declined to 127-128 from 134-136 paise and the far-forward contract maturing in May 2018 also drited down to 271.5-272.5 paise from 280-282 paise last weekend.

In global commodity trade, the sell-off in crude oil continued for the fifth week in a row and closed to a near 10-month low on growing concerns that OPEC-led production cuts failed to substantially reduce a global glut.

Oil prices have tumbled more than 20 percent this year so far.

OPEC-led efforts to reduce production and end the oil glut have been frustrated by soaring output from the United States and OPEC members Libya and Nigeria, which are exempt from the cuts.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)