USD/INR closed at 71.68 against its opening at 71.69. Dollar/rupee ended down Thursday on selling by exporters amid weakness in greenback and higher risk-appetite. Dollar is weak after an unchanged inflation. Foreign banks are on the sell-side. Global clues are also positive. The greenback plunged against major peers after US retail inflation remained unchanged hinting that the Federal Reserve may soon slow down its rate hike cycle. The US consumer price index remained unchanged from the previous month's up-tick of 0.3% bringing the yearly change to 2.2%. Core CPI rose 0.2%, compounding last month's 0.2%. The Fed is expected to raise its benchmark interest rate in its monetary policy due next week. The Fed's stance on future hikes has become increasingly cautious in recent times following a slew of mixed economic data indicating US growth may be moderating as we head towards the year end.
Sensex closed 150 points up, Nifty ends higher at 10791.