The local currency had closed at nearly four week high of Rs 83.15 on Wednesday.
The dollar index rose 0.2% to 104.56 so far during Asian trade from Wednesday’s close 104.39. The dollar index was at 104.41 as of 02:09 p.m., according to Bloomberg data.
“The dollar index rose slightly to 104.54 while the U.S. 10-year (Treasury yield) was upto 4.51% as markets continued to speculate that U.S. Fed may adopt more dovish stance in future,” said Anil Kumar Bhansali, head of treasury and executive director, Finrex Treasury Advisors LLP “Rupee is expected to remain range bound as RBI steps in to protect it depreciates beyond Rs 83.30.”
