Rupee trades marginally higher at 83.27 against the US dollar
rupee settled at 83.29 against the dollar. “Indian rupee is expected to trade within a small range with a bit of appreciation bias as flows, IPOs, FDIs to continue after a spectacular win for the Prime Minister Narendra Modi in Hindi heartland.
However, buying of US dollar to continue due to various reasons," said Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP. (Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here!) Markets now await for RBI Monetary policy on December 8 and non-farm payroll data from the US on the same day in the evening, Bhansali said.
Brent crude futures, the global oil benchmark, fell 0.95% to $78.13 per barrel. In the domestic front, the Indian stock market indices were trading at record high levels on Monday.
The 30-share BSE Sensex was trading 966.06 points, or 1.43%, higher at 68,447.25, while the NSE Nifty jumped 305.70 points, or 1.51%, at 20,573.60. Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Friday as they purchased shares worth ₹1,589.61 crore, according to exchange data.
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