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Rupee appreciates 2 paise to 83.35 against US dollar in early trade

The rupee appreciated 2 paise to 83.35 against the US dollar in early trade on Wednesday, amid a bullish trend in domestic equities and sustained foreign fund inflows.
Forex traders said investors remained on the sidelines ahead of the Reserve Bank of India’s monetary policy decision later this week.
At the interbank foreign exchange, the rupee opened 2 paise higher at 83.35 against the dollar as domestic benchmark indices touched new lifetime peaks.
On Tuesday, the rupee settled at 83.37 against the dollar.
“The RBI’s policy, commencing on Tuesday with a decision due on Friday, will be closely monitored,” CR Forex Advisors MD Amit Pabari said.
The Reserve Bank is likely to maintain the status quo on the short-term interest rate in its monetary policy review.
RBI Governor Shaktikanta Das-headed Monetary Policy Committee (MPC) is scheduled to begin its three-day deliberations on December 6. Das would unveil the decision of the six-member MPC on December 8.
Meanwhile, the dollar i