The Rupee closed stronger on Thursday, with corporate dollar demand eroding early gains linked to likely central bank intervention. The rupee closed at 90.59 per dollar, up 0.1% from the previous session. The currency rallied to as high as 90.14 on the interbank order matching system soon after the intervention but later shed those gains. In global markets, the dollar was broadly on the backfoot. The Korean won rose 0.7%, while the euro and pound were firmer against the greenback as well. Investor focus this week is on a slew of U.S. economic reports. Data on Wednesday showed that job growth unexpectedly accelerated in January while the unemployment rate eased a touch, signalling labour market stability that could encourage the Federal Reserve to leave rates unchanged in the near term. The pound edged up against the dollar on Thursday even as data showed that the UK economy barely expanded in the last quarter of 2025 and markets took stock of Britain's simmering political crisis. Sterling was last 0.1% higher against the dollar at $1.3639, with the greenback slightly weaker across the board. The euro was steady against the pound at 87.08 pence, below the three-week high struck on Monday, when British Prime Minister Keir Starmer's position seemed to be on shaky ground. Figures published on Thursday showed that Britain's economy eked out 0.1% growth in the last quarter of 2025, the same pace as in the previous three months and below expectations. Sterling was little changed after the data. The Canadian dollar weakened against its U.S. counterpart on Thursday as equity and commodity markets fell, while a U.S. lawmaker vote against tariffs on Canadian goods had little impact. The loonie was trading 0.3% lower at 1.3620 per U.S. dollar, or 73.42 U.S. cents, after moving in a range of 1.3556 to 1.3635. Still, the currency has gained 0.8% since the start of the year. The U.S. House of Representatives on Wednesday narrowly backed a measure disapproving of President Donald Trump's tarrifs on Canada. The resolution stands a good chance of passage in the Senate but is unlikely to become law, as it would take two-thirds majorities in both chambers to overcome an expected Trump veto. Canadian bond yields moved lower across a flatter curve, tracking moves in U.S. Treasuries. The 10-year was down 4.7 basis points at 3.293%, marking its lowest level since December 5. Oil prices dropped $2 a barrel on Thursday due to falling demand, retreating fears of renewed Middle East conflict and expected increases in supply.Brent crude oil futures were down $2, or 2.88%, at $67.40 a barrel by 12:54 p.m. CDT (1854 GMT). U.S. West Texas Intermediate crude fell $1.94, or 3%, to $62.69.......
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