New Delhi, September 12 (HS): The Indian rupee closed stronger against the US dollar on Thursday, buoyed by improved investor sentiment, capital inflows, and a softer stance from US President Donald Trump on tariff and trade negotiations. The domestic currency appreciated by 19 paise to end provisionally at 88.27 against the dollar, compared with the previous close of 88.46.

The rupee opened on a firm note in the interbank foreign exchange market at 88.39, registering a 7 paise gain over its last close. Although it briefly slipped to 88.42 in early trade, the currency quickly rebounded on the back of robust equity market performance and favorable cues from global financial markets, touching an intraday high of 88.25. It eventually settled at 88.27, marking its strongest close of the week.

However, the rupee showed weakness against other major global currencies. It depreciated by 17 paise against the British pound to settle at 119.58 and slipped by nearly 14 paise against the euro, closing at 103.48.

Analysts attributed the rupee’s resilience against the dollar to solid capital inflows, optimism around global trade talks, and the steady flow of foreign investments in domestic equities.

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Hindusthan Samachar / Jun Sarkar