MUMBAI, Dec 5 (Reuters) – The Indian rupee prolonged losses in opposition to the U.S. foreign money on Monday on doubtless cease losses and greenback outflows, merchants stated.

The rupee was down 0.5% to the greenback at 81.7500, a rank underperformer amongst Asian friends. The offshore Chinese yuan was up 0.9%, main Asian currencies increased.

The lack of ability of the pair (USD/INR) to maneuver under 81 final week within the face of constructive information might be resulting in interbank reconsidering brief rupee positions, a dealer stated.

There is speak of an MSCI rebalancing-related greenback outflow however now we have doubts on how doubtless that’s, one other dealer stated.

Reporting by Nimesh Vora; Editing by Janane Venkatraman

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