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Indian rupee strengthened against the US dollar on Monday amid positive domestic macroeconomic data. Government data showed that India's retail inflation moderated to a three-month low of 5% in September, while factory output in August soared to a 14-month high of 10.4%. Meanwhile, the trade deficit narrowed to $19.37 billion, down over 30% from $27.98 billion a year ago, commerce ministry data showed. Moreover, RBI's intervention and weak American currency overseas also supported rupee sentiments. Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Friday as they purchased shares worth Rs 317.01 crore, exchange data showed.

The partially convertible currency is currently trading at 83.26, stronger by 4 paise from its previous close of 83.30 on Friday. The currency touched a high and low of 83.27 and 83.2475 respectively.