Indian rupee posted modest gains against the U.S. dollar on Thursday as concerns about a global trade war eased after US President Donald Trump backed down from imposing tariffs on eight European countries over Greenland and ruled out using military force to take control of the territory. He added that a framework has been formed with NATO for a future deal with respect to Greenland and the entire Arctic Region. Meanwhile, gain was limited as foreign institutional investors (FIIs) continued their selling spree. The FIIs were the net sellers of securities worth Rs 1,787.66 crore on Wednesday’s session. On the global front, Japanese yen weakened against other major currencies in the Asian session on Thursday ahead of result of a critical two-day Bank of Japan’s policy meeting on Friday and Governor Kazuo Ueda's remarks following the decision. 

Finally, the rupee ended at 91.64 (Provisional), gained 1 paise from its previous close of 91.65 on Wednesday. The currency touched a high and low of 91.68 and 91.48 respectively.