Equity inflows worth $1.5 billion are expected this week following MSCI s decision to increase India s weight in its Emerging Market index effective from Nov. 30, according to Nuvama Alternative & Quantitative Research.
The dollar index was last quoted lower at 103.32 and was hovering close to its weakest level in nearly four months. Asian currencies jumped led by the offshore Chinese yuan, which rose over 0.3%
At the interbank foreign exchange market, the local unit opened at 83.25 and settled at its lifetime low level of 83.35 against the dollar, registering a fall of 9 paise from its previous close. On Friday, the rupee settled at 83.26 against the American currency. Earlier, the rupee closed at its lowest level of 83.33 against the dollar on November 13, this year.