Brazilian benchmark stock index dipped from all-time record highs on Friday set in the previous session. At the Sao Paulo Stock Exchange, the benchmark Bovespa index slipped 0.08 percent to 31,919 in quiet trade following the Thanksgiving holiday in the United States.
It set record intraday and closing highs on Thursday, the latest in a string of highs attained even though the government has stumbled during a lingering corruption scandal.
Bellwether Tele Norte Leste, a phone carrier, fell 0.26 percent to 41.89 reais. Investors also digested a fresh batch of inflation data, which raised concerns that the central bank may not be as aggressive as some had hoped at cutting interest rates in the next few months.
The government's statistics agency said its benchmark IPCA consumer price index had risen 0.78 percent in the month-long period to November 14, up from an increase of 0.56 percent in the month-long period to mid-October.
The Brazilian real gained 0.45 percent to 2.233 a dollar in light volume, leaving it almost 19 percent stronger than where it started the year as exporters repatriate dollars. The central bank bought dollars for the 35th time since resuming purchases last month as part of a broader effort to build up foreign reserves.