Rupee ends little changed at 83.33 against the US dollar

The Indian rupee ended little changed against the US dollar on Monday amid softness in American currency and a drop in crude oil prices. 

The local unit ended 1 paise higher at 83.33 a dollar as compared to previous close of 83.34.

The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading lower by 0.09% at 105.77. 

The benchmark US 10-year treasury yields were hovering around a one-week high of 4.668%.

However, a fall in domestic equity market and persistent foreign fund outflows weighed on the local unit.

On Friday, the rupee ended at a record low at 83.34 a dollar. The local unit had hit its lifetime low of 83.42 to the dollar during the session.

Meanwhile, crude oil prices eased amid renewed concerns over waning demand in the United States and China.

Brent crude futures for January fell 0.21% to $81.26 a barrel, while the US West Texas Intermediate (WTI) crude futures for December declined 0.17% to $77.04.