The Indian rupee traded higher against the U.S. dollar in evening deals on Monday, as regional stocks climbed ahead of the Reserve Bank of India's monetary policy review, due tomorrow.

The benchmark BSE Sensex finished higher at 377 points or 1.35 percent at 28,243, while the broader Nifty index ended at 8,738, up 127 points or 1.47 percent.

Firm global cues following reports that German financial giant Deutsche Bank is nearing a settlement with the U.S. Department of Justice also buoyed investor sentiment.

The rupee advanced to a 4-day high of 66.45 against the greenback, compared to last week's closing value of 66.59.The next possible resistance for the rupee may be found around the 64.5 level.

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