Rupee ends little changed, traders await fresh triggers

MUMBAI, Jan 01 (Reuters): The Indian rupee closed little changed following muted trading on Monday on a lack of fresh triggers at the start of the year.
The rupee ended at 83.2375 against the US dollar, slightly lower from its close at 83.2075 in the previous session.
Most global markets were shut on Monday on account of the New Year's holiday.
While the rupee notched some gains early in the session, dollar buying from state-run banks weighed on the unit, a foreign exchange trader at a private bank said.
Trading volumes were relatively lighter, the trader added.
The dollar index notched its second consecutive monthly loss in December and fell about 2 per cent amid growing expectations the Federal Reserve may begin easing rates soon.
For the year gone by, the dollar index fell 2 per cent as well, marking its first annual loss since 2020.