India, Dec. 3 -- Rupee strengthened against the US dollar on Tuesday ahead of the Reserve Bank of India's (RBI) monetary policy decision on Thursday with hopes that the Reserve Bank will go for another rate cut to boost economic growth. Though, rise in oil prices and sustained foreign fund outflows, restricted its gains. Foreign Institutional Investors (FII) sold shares worth Rs 1,731.33 crore on Monday, exchange data showed. Meanwhile, investors are also awaiting fresh cues on the potential US-China trade deal. On the global front, the US dollar held near a one-week low versus the yen and near the lowest in almost two weeks against the euro, on concern about weak US manufacturing data and signs of new fronts in the US trade war.

The parti...