Rupee slightly up, but month-end dollar demand keeps lid on gains

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Key Points

MUMBAI, Aug 31 (Reuters) - The Indian rupee rose on Thursday, tracking the move higher in Asian peers following U.S. GDP data, but had to contend with month-end dollar demand...

The rupee was at 85.6725 to the U.S. dollar by 11:02 a.m..

Asian currencies rose after the dollar index dropped to a two-week low overnight, following a downward revision to the June quarter U.S. GDP numbers...

Gross domestic product (GDP) in the U.S. increased at an annualised pace of 2.1% April-June quarter, data from the second GDP estimate showed...

Data that showed U.S. private payrolls rose by a less-than-expected last month also hindered the dollar index...

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