JOIN USThe domestic currency rupee weakened on Thursday after minutes of the Federal Reserve's October meeting showed policymakers were considering cutting its stimulus programme in coming months.
Notwithstanding the RBI's intervention in the currency market, the rupee was seen trading in a very thin range this day and ended the session weak at 62.92 levels as compared with the previous close of Rs 62.58 per dollar.
The dollar-rupee pair made a high of 62.97 levels and a low of 62.79 levels. It started the session on a weaker note at 62.90 taking cues from the strong recovery in the US dollar index and weak Asian currencies.
Currency traders attributed the weakness across these currencies mainly to the strong US data and the FOMC minutes released in the previous day.
Apart from dollary buying by oil marketing companies (OMCs), domestic stock market indices traded in the red which also dampened sentiments for the rupee further.