MUMBAI: Broad losses in the dollar failed to aid the Indian rupee on Thursday as demand for the greenback from local corporates and large foreign banks weighed despite gains across most other Asian peers.
The rupee ended at 83.3425 against the US dollar, barely changed from its close at 83.32 in the previous session.
Asian currencies were mostly higher, with the offshore Chinese yuan rising 0.3% to hover near its strongest level since July.
The dollar index was last quoted lower at 103.61 after recovering mildly overnight in light of data which showed that jobless claims in the United States fell more than expected.
The dollar index “can find some stabilisation around 104.00 into the weekend amid thinner trading volumes and a lack of market-moving data releases in the US,” ING Bank said in a note. Markets in Japan and the US are shut on Thursday on account of the Thanksgiving holiday.
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