Indian rupee ended marginally higher against dollar on Thursday due to fresh selling of the American currency by banks and exporters. Rupee got some support as Rajya Sabha passed the Limited Liability Partnership (Amendment) Bill, which seeks to encourage the start-up ecosystem and further boost ease of doing business, amid uproar by the opposition on Pegasus snooping row and other issues. However, upside remained capped with private report stating that Micro, Small and Medium Enterprises (MSMEs) in India have seen an average 11 per cent decline in business volume due to lockdowns in 2021, compared to 46 per cent during the 2020 nationwide lockdown. On the global front, pound rose on Thursday ahead of a Bank of England meeting at which policymakers are expected to keep stimulus pumping despite rising inflation and a strong economic recovery.
Finally, the rupee ended 74.17, stronger by 2 paise from its previous close of 74.19 on Wednesday. The currency touched a high and low of 74.28 and 74.15 respectively.
