Indian rupee ended lower against the US dollar on Thursday amid an increase in crude oil prices. FIIs turning net sellers on Wednesday put further pressure on the domestic currency against the greenback. Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Tuesday, offloading shares worth Rs 973.94 crore, according to exchange data. However, losses were limited as some support came after Organisation for Economic Co-operation and Development in its Interim Economic Outlook stated that Indian economy will likely log faster growth at 6.7 percent in FY25 compared with 6.6 percent projected earlier. On the global front, the dollar edged down on Thursday on increasing risk appetite with traders looking ahead to speeches from key Federal Reserve policymakers and economic data later in the day for clues on the pace of interest rate cuts.
Finally, the rupee ended at 83.62 (Provisional), lower by 4 paise from its previous close of 83.58 on Wednesday. The currency touched a high and low of 83.71 and 83.62 respectively.
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