The Indian-rupee on Monday settled 8 paise higher at 71.66 against the US dollar amid participants hoping Reserve-Bank will go for another rate-cut in the ensuing RBI-policy review meet this week. At the interbank foreign exchange, the rupee opened-weak at 71.78 a dollar but soon gathered strength to touch a high of 71.62 before finally settling at 71.66, up 8 paise over its last-closing.

The Indian rupee recovered marginally but still trading lower by 22 paise at 71.68 per dollar, with domestic equity market are trading flat on November 13. On November 11, the rupee tumbled by 19 paise to a near one-month low at 71.46 against the US dollar after fresh concerns over US-China trade deal and Hong Kong unrest kept forex market participants edgy.

The rupee on Monday tumbled by 19 paise to a near one-month low of 71.47 against the US-dollar as fresh concerns over US-China trade deal and Hong Kong unrest kept forex market participants edgy. Investors also played their bets cautiously in view of India's rating outlook cut by Moody's Investors Services last-week. This is the lowest closing level for the domestic unit since October-15.