Rupee rises 3 paise to 83.35 against US dollar
rupee settled at 83.37 against the dollar. Investors remained on the sidelines ahead of the Reserve Bank of India’s (RBI) monetary policy decision later this week. “The RBI's policy, commencing on Tuesday with a decision due on Friday, will be closely monitored," CR Forex Advisors MD Amit Pabari said.
(Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) The central bank is expected to maintain the status quo on the short-term interest rate in its monetary policy review. The Monetary Policy Committee (MPC) headed by the RBI Governor Shaktikanta Das is scheduled to begin its three-day deliberations on December 6. Governor Das will unveil the MPC decision on December 8.
Meanwhile, Brent crude futures, the global oil benchmark, eased 0.04% to $77.17 per barrel. In the domestic equity market, the Sensex was trading 335.22 points, or 0.48%, higher at 69,631.36, while the Nifty 50 gained 82.00 points, or 0.39%, to 20,937.10. Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Tuesday as they purchased shares worth ₹5,223.51 crore, according to exchange data.
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