Indian rupee strengthened against the U.S. dollar on Thursday amid Reserve Bank of India’s intervention to support the local currency from extreme volatility due to global uncertainties. Besides, investors were hopeful that tensions in West Asia may ease after private reports indicated that Iran has made a conditional offer to US, and it ready to Abandon Nuclear Programme. Meanwhile, stressing that a more balanced bilateral trade relationship is crucial for ensuring long-term sustainability, Commerce Secretary Rajesh Agrawal has said that there is significant export potential for Indian firms in sectors such as pharmaceuticals, textiles, agriculture and services in Japan. On the global front, the Japanese Yen has weakened against the U.S. dollar in Asian session on Thursday after U.S. jobs and services data beat forecasts.

Finally, the rupee ended at 91.63 (Provisional), strengthened by 42 paise from its previous close of 92.05 on Wednesday. The currency touched a high and low of 92.16 and 91.30 respectively.