Rupee ends lower due to high dollar demand from oil firms, US data awaited
The Indian rupee declined on Thursday as dollar demand from local oil companies weighed on the local unit, while traders awaited GDP and labour market data from the United States.
The rupee ended at 83.2775 against the U.S. dollar, down 0.13% from its previous close at 83.17.
The dollar index was little changed at 102.37 and most Asian currencies were subdued. The 10-year U.S. Treasury yield was slightly lower in Asia hours at 3.86% and was hovering close to its lowest levels since July.
