The Indian rupee ended little changed after hovering in a tight band on Friday, as dollar demand from importers, including local oil companies, eroded the impact of supportive global cues, traders said.
The Indian rupee ended little changed on Thursday after the Reserve Bank of India kept its benchmark policy rates unchanged, with the focus now on U.S. economic data and remarks from a Federal Reserve official due later in the day.
The Indian rupee gained on Wednesday, in line with most of its Asian peers, on the back of dollar sales from two large foreign banks. The rupee ended at 82.9675 against the U.S. dollar, up 0.11% compared with its close at 83.0550 in the previous session.