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Rupee trades flat against US dollar

Indian rupee opened little changed against US dollar even as Asian currencies were trading higher.

December 22, 2023 / 09:07 IST
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Traders awaiting the release of a key inflation gauge that may help shape the outlook of US monetary policy.

The Indian rupee opened little change against the US dollar even as Asian currencies were trading higher.

At 9.10am, the home currency was trading at 83.26 a dollar, up 0.02 percent from its previous close of 83.28 a dollar.

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Traders awaiting the release of a key inflation gauge that may help shape the outlook of US monetary policy. Economists predict that the annual growth in the core personal consumption expenditure price index, the Federal Reserve's preferred gauge of underlying inflation, slowed to 3.3 percent in November from 3.5 percent the previous month.

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