Indian rupee ended lower against dollar on Thursday as investors are waiting for crucial inflation data due today which may hint when the US Fed will tighten their monetary policy. However, downfall remain capped as Department of Economic Affairs (DEA) in its monthly report stated that the economic impact of the second wave COVID-19 is likely to be restricted to the first quarter of 2022. As per the DEA, rapid vaccination of India's population and the frontloading of the fiscal measures are the key to invigorating investment and consumption. On the global front; sterling fell to a one-month low versus the dollar on Thursday after Britain and the European Union failed to agree on solutions to post-Brexit trade problems in Northern Ireland.
Finally, the rupee ended 73.06, weaker by 9 paise from its previous close of 72.97 on Wednesday. The currency touched a high and low of 73.12 and 72.94 respectively.
