The Indian rupee closed little changed on Thursday, tracking muted price action in most of its Asian peers and as dollar demand from custodian banks eroded the local unit's early gains.
The rupee ended at 83.5075 against the U.S. dollar, barely changed from its previous close at 83.5175. The currency had risen to a high of 83.4475 early in the session, before shedding some of the gains.
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