India, Aug. 21 -- The rupee gave up early gains and ended 18 paise lower at 87.25 (provisional) against the US dollar on Thursday, weighed down by a stronger greenback and a rebound in crude oil prices.
According to forex traders, the local unit opened on a firm note, supported by improved risk appetite in global markets amid easing trade tariff concerns and hopes of a truce between Russia and Ukraine.
However, the dollar's strength in overseas markets, coupled with rising crude oil prices, dampened investor sentiment and capped the rupee's upside.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....