<p>New Delhi: The rupee appreciated 2 paise to 83.34 against the US dollar in early trade on Friday, tracking a positive trend in domestic equities ahead of the Reserve Bank of India's monetary policy decision.</p><p>At the interbank foreign exchange, the rupee opened 2 paise higher at 83.34 against the dollar amid a firm trend in domestic equities.</p><p>On Thursday, the rupee settled at 83.36 against the US dollar.</p><p>Forex traders said investors are awaiting cues from the Reserve Bank of India's monetary policy decision.</p><p>The Reserve Bank is likely to maintain the status quo on the short-term interest rate in its monetary policy review.</p><p>RBI Governor Shaktikanta Das-headed Monetary Policy Committee (MPC) began its three-day deliberations on December 6. Das will unveil the decision of the six-member MPC later on the day.</p><p>"Indian rupee is expected to be in a small range of 83.30/40 for the entire day as inflows are matched by the outflows mainly from oil companies," said Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP.</p>.RBI keeps interest rates unchanged, raises GDP growth forecast to 7%.<p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent higher at 103.59.</p><p>Brent crude futures, the global oil benchmark, advanced 1.70 per cent to $75.31 per barrel.</p><p>In the domestic equity market, the 30-share BSE Sensex was trading 229.39 points or 0.33 per cent higher at 69,751.08 points. The broader NSE Nifty jumped 70.25 points or 0.34 per cent to 20,971.40 points.</p><p>Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Thursday as they offloaded shares worth Rs 1,564.03 crore, according to exchange data.</p>
<p>New Delhi: The rupee appreciated 2 paise to 83.34 against the US dollar in early trade on Friday, tracking a positive trend in domestic equities ahead of the Reserve Bank of India's monetary policy decision.</p><p>At the interbank foreign exchange, the rupee opened 2 paise higher at 83.34 against the dollar amid a firm trend in domestic equities.</p><p>On Thursday, the rupee settled at 83.36 against the US dollar.</p><p>Forex traders said investors are awaiting cues from the Reserve Bank of India's monetary policy decision.</p><p>The Reserve Bank is likely to maintain the status quo on the short-term interest rate in its monetary policy review.</p><p>RBI Governor Shaktikanta Das-headed Monetary Policy Committee (MPC) began its three-day deliberations on December 6. Das will unveil the decision of the six-member MPC later on the day.</p><p>"Indian rupee is expected to be in a small range of 83.30/40 for the entire day as inflows are matched by the outflows mainly from oil companies," said Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP.</p>.RBI keeps interest rates unchanged, raises GDP growth forecast to 7%.<p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent higher at 103.59.</p><p>Brent crude futures, the global oil benchmark, advanced 1.70 per cent to $75.31 per barrel.</p><p>In the domestic equity market, the 30-share BSE Sensex was trading 229.39 points or 0.33 per cent higher at 69,751.08 points. The broader NSE Nifty jumped 70.25 points or 0.34 per cent to 20,971.40 points.</p><p>Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Thursday as they offloaded shares worth Rs 1,564.03 crore, according to exchange data.</p>