Indian rupee ended weaker against dollar on Thursday amid weakness in domestic markets. Traders were worried after Reserve Bank of India's monetary policy committee (MPC) kept the repo rate unchanged at 6.5 per cent for the ninth time in a row. The central bank maintained its hawkish stance due to persistently high food inflation. The RBI also keeps the gross domestic product (GDP) growth projection unchanged at 7.2 per cent for the financial year 2024-25 (FY25). On the global front, the yen hit choppy trading on Thursday after a sharp drop the day before in a volatile week in which investors have had to digest the unwinding of popular carry trades and how Japanese monetary policy might evolve.
Finally, the rupee ended at 83.96 (Provisional), weaker by 1 paisa from its previous close of 83.95 on Wednesday. The currency touched a high and low of 83.97 and 83.93 respectively.
