Rupee closes marginally higher against US dollar, RBI intervention seen

The Indian rupee closed slightly higher against the US currency on Thursday, after a choppy session in which the Reserve Bank of India likely sold dollars to support the local currency.
 

The rupee ended at 81.86 per US dollar, a tad higher than the new low of 81.94 in the previous session.
 

The rupee had opened higher at 81.61, but was not able to sustain the gains on dollar buying by foreign banks and oil companies.
 

Intraday, the rupee came close to falling below the record low of 81.95, prompting the RBI to sell dollars, according to traders. The intervention