Rupee Closes Weaker Against U.S. Dollar

"(The) EU and US PMIs came in soft or mixed, giving bulls cause for pause. U.S. Initial Jobless Claims came in stronger than expected," Kunal Sodhani, vice president of Shinhan Bank, said.

"Rising US Treasury yields indicate market skepticism about immediate Fed rate cuts, a tailwind for the USD. For USDINR, 82.77 acts as a support, while 83.05 a resistance," Sodhani said.

The inflows are expected to continue also with a close watch on whether the RBI buys dollars or not, according to Anil Kumar Bhansali, executive director at Finrex Treasury Advisors.