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Rupee rises 8 paise to close at 83.16 against US dollar
The Indian rupee appreciated against the US dollar due to positive domestic equities and foreign capital inflows. It remained the second-best performer among Asian currencies, supported by stable crude oil prices. Traders are closely watching India's 2024 growth forecast and the upcoming December US jobs report for rupee directions. The dollar index weakened, while Brent crude futures rose. The domestic services sector in India experienced a sharp increase in output, reaching a three-month high in December.
The Indian rupee appreciated against the US dollar due to positive domestic equities and foreign capital inflows. It remained the second-best performer among Asian currencies, supported by stable crude oil prices. Traders are closely watching India's 2024 growth forecast and the upcoming December US jobs report for rupee directions. The dollar index weakened, while Brent crude futures rose. The domestic services sector in India experienced a sharp increase in output, reaching a three-month high in December. 
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