By laksh5382 
The rupee on Thursday closed one paise higher at 84.07 (provisional) against the US dollar due to sustained foreign fund outflows and month-end demand for dollars from importers.
Forex traders called suspicious The local currency got support at lower levels due to the intervention of the Reserve Bank of India (RBI).,
In interbank foreign exchange, Rupee Opened at 84.08 against the greenback. It traded in a tight range and ended the day at 84.07 (provisional), 1 paise higher than its previous close.
On Wednesday, the rupee fell 3 paise to close at 84.08 against the US dollar.
The local currency is hovering around its all-time low. The rupee reached its lowest closing level of 84.10 against the dollar on October 11.
According to Anil Kumar Bhansali, head of treasury and executive director of Finrex Treasury Advisors LLP, the Indian rupee remained weak due to demand at the end of the month, near its lowest point. Meanwhile, RBI was selling the dollar to keep it in range.
Since there was a market holiday in most of the centres, the rupee appreciated against the dollar due to thin trading. “As we head into US election week, the range for Monday is expected to be 84.00 to 84.20,” Bhansali said.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.08 percent lower at 103.91.
Global oil benchmark Brent crude rose 0.22 percent to $72.71 per barrel in futures trade.
On the domestic equity market front, Sensex fell 553.12 points or 0.69 per cent to 79,389.06. Nifty fell 135.50 points or 0.56 percent to 24,205.35 points.
Foreign institutional investors (FIIs) were net sellers in the capital market on Wednesday as they sold shares worth ₹4,613.65 crore, according to exchange data.
On the macroeconomic front, output of eight core infrastructure sectors grew by 2 per cent in September, although the growth was slower than the 9.5 per cent recorded in the same month last year, according to official data released on Wednesday.
The Centre’s fiscal deficit at the end of the first half of fiscal year 2015 reached 29.4 percent of the full-year target, government data on Wednesday showed.