Indian rupee ended marginally higher against dollar on Thursday, following a weak greenback in overseas markets. Traders took some support with former Niti Aayog vice chairman Arvind Panagariya’s statement that the Indian economy is likely to grow at over 7 per cent in the current fiscal year, and observed that the growth rate should sustain next year too provided the forthcoming Budget does not have any negative surprises. However, losses in domestic stocks and firm crude oil prices restricted the rupee's gain. On the global front, the dollar softened against major currencies and European stocks ticked higher on Thursday as easing U.S. inflation expectations reinforced investor confidence of a let up in price pressures.
Finally, the rupee ended at 82.79 (Provisional), stronger by 5 paise from its previous close of 82.84 on Wednesday. The currency touched a high and low of 82.79 and 82.64 respectively.
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