The Rupee closed slightly sronger on Thursday, after rebounding from a record low in the previous session following central bank market intervention, which also contributed to a rise in merchant dollar sales. The currency had dropped to its record low of 91.075 earlier this week as an elongated trade impasse with the U.S. and persistent portfolio outflows weighed on sentiment. Currently, the rupee is set to log an about 5.5% decline against the dollar over 2025, its steepest drop in three years. The dollar index was a tad higher at 98.5, as markets positioned for central bank decisions in Britain, Europe and Japan. The European Central Bank is expected to stand pat, while an unexpected drop in inflation has bolstered the case for a cut by the Bank of England. The Bank of Japan is expected to lift rates, to a three-decade high on Friday. The dollar lost ground against its major counterparts on Thursday after data showed a lower-than-expected rise in U.S. inflation, while sterling turned higher as a deeply divided Bank of England cut rates. The U.S. Consumer Price Index rose 2.7% year-on-year in November, according to Labor Department data, compared with a 3.1% increase forecast by economists polled by Reuters. The dollar weakened 0.12% to 155.48 against the Japanese yen and was down 0.16% to 0.794 against the Swiss franc . The euro was flat in choppy trading after the European Central Bank kept its policy rates steady and took a more positive view on a euro zone economy that has shown resilience to global trade shocks. The euro was last down 0.01% at $1.173925 against the dollar. The dollar index , which measures the greenback against a basket of currencies including the yen and the euro, was down 0.04% to 98.329. Sterling rose after the BoE delivered its fourth rate cut this year, although markets pushed back their expectations for further easing, with the next cut not fully priced until June, from April prior to the decision. Sterling strengthened 0.29% to $1.3414. The Swedish and Norwegian central banks both kept their main interest rates on hold, in line with expectations. The Swedish crown was little changed at 10.9074 per euro, while Norway's crown was down 0.33% at 11.9313 per euro. Oil prices steadied on Thursday as investors assessed the likelihood of further U.S. sanctions against Russia and the supply risks posed by a blockade of Venezuelan oil tankers. Brent crude was up 31 cents, or 0.5%, to $59.99 per barrel at 1344 GMT. U.S. West Texas Intermediate crude was up 40 cents, or 0.7%, at $56.34 per barrel.......