The rupee appreciated by 5 paise to settle at more than two-week high of 74.11 against the US dollar on Monday tracking positive domestic equities and weak American currency.
At the interbank forex market, the domestic unit traded in a narrow range as rising COVID-19 cases offset positive sentiments surrounding the progress on the vaccine front.
AstraZeneca on Monday said that late-stage trials of its COVID-19 vaccine were “highly effective’’ in preventing disease.