<p>The Indian rupee rose on Thursday, tracking the move higher in Asian peers following US GDP data, but had to contend with month-end dollar demand.</p>. <p>The rupee was at 85.6725 to the US dollar by 11:02 am IST, compared with a close of 82.7325 in the previous session.</p> .<p>Asian currencies rose after the dollar index dropped to a two-week low overnight, following a downward revision to the June quarter US GDP numbers.</p>.Sensex, Nifty eke out marginal gains in early trade. <p>"Yet again, the cues from Asia are good, but then rupee is not benefiting much," a forex trader at a bank said. "The month-end cash dollar demand from oil and other importers is keeping rupee in check."</p>. <p>Gross domestic product (GDP) in the US increased at an annualised pace of 2.1 per cent April-June quarter, data from the second GDP estimate showed.</p><p>This estimate is a revision of the 2.4 per cent growth rate estimate reported last month. Economists polled by Reuters expected GDP for the second quarter to be unrevised.</p>. <p>At one point in the New York session, the dollar index dropped below 103.</p>. <p>The dollar bulls were probably too optimistic regarding the resilience of the US economy and are now facing disappointment, said Amit Pabari, managing director at fx advisory firm CR Forex.</p>. <p>Data that showed US private payrolls rose by a less-than-expected last month also hindered the dollar index.</p>. <p>Meanwhile, traders await India's June quarter GDP data, due later in the day. While the data is not expected to have a major impact on the rupee, it will "provide a read" on how equity inflows could shape up, the fx trader said.</p>
<p>The Indian rupee rose on Thursday, tracking the move higher in Asian peers following US GDP data, but had to contend with month-end dollar demand.</p>. <p>The rupee was at 85.6725 to the US dollar by 11:02 am IST, compared with a close of 82.7325 in the previous session.</p> .<p>Asian currencies rose after the dollar index dropped to a two-week low overnight, following a downward revision to the June quarter US GDP numbers.</p>.Sensex, Nifty eke out marginal gains in early trade. <p>"Yet again, the cues from Asia are good, but then rupee is not benefiting much," a forex trader at a bank said. "The month-end cash dollar demand from oil and other importers is keeping rupee in check."</p>. <p>Gross domestic product (GDP) in the US increased at an annualised pace of 2.1 per cent April-June quarter, data from the second GDP estimate showed.</p><p>This estimate is a revision of the 2.4 per cent growth rate estimate reported last month. Economists polled by Reuters expected GDP for the second quarter to be unrevised.</p>. <p>At one point in the New York session, the dollar index dropped below 103.</p>. <p>The dollar bulls were probably too optimistic regarding the resilience of the US economy and are now facing disappointment, said Amit Pabari, managing director at fx advisory firm CR Forex.</p>. <p>Data that showed US private payrolls rose by a less-than-expected last month also hindered the dollar index.</p>. <p>Meanwhile, traders await India's June quarter GDP data, due later in the day. While the data is not expected to have a major impact on the rupee, it will "provide a read" on how equity inflows could shape up, the fx trader said.</p>