The rupee closed at 83.4925 against the U.S. dollar, slightly higher than its close at 83.53 in the previous session.
The dollar index was at 105.2, while most Asian currencies rose with the Chinese yuan up about 0.1% and the Japanese yen nearly 0.3% higher.
Pressure on the yen and yuan had kept Asian currencies on the defensive over recent trading sessions but soft U.S. economic data on Wednesday helped ease the depreciation pressure.
Elevated demand to buy dollars at the Reserve Bank of India’s daily reference rate, called the “daily fix”, slightly weakened the rupee earlier in the session, traders said. The rupee ticked up after demand eased later in the session, with mild dollar sales from foreign banks also helping the currency, a foreign exchange trader at a…
