The Indian rupee is trading higher 71.78 per dollar versus Friday's close 71.90.
Rupee is expected to trade around 71.80- 71.95 as the rise in dollar index’s to its highest in one-and-half years offset the decline in Brent crude prices. Dollar index touched its highest level since June last year, helped by a surge in core retail sales and weak data out of Europe, said Motilal Oswal.
US retail sales rose 0.9% in November, up from the revised 0.7% in the previous month and higher than the 0.4% expected by the markets, it added.
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