Mumbai, Aug 21 (PTI) The rupee pared initial gains and settled for the day lower by 18 paise at 87.25 against US dollar on Thursday, amid a strong American currency and a recovery in crude oil prices.

MUMBAI: The Indian rupee fell on Thursday as aggressive dollar buying by oil importers towards the end of the session ...

The Indian rupee pared initial gains and settled for the day lower by 18 paise at 87.25 (provisional) against US dollar on Thursday, on a strong American currency and a recovery in crude oil prices.

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A currency is considered weak if it is worth relatively little in relation to the strongest currencies such as the US dollar, euro, or British pound.

The Indian rupee inched higher on Thursday as persistent dollar selling by foreign banks over the last few days that supported the currency and puzzled traders.

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The Indian rupee is expected to inch higher at open on Thursday, helped by a slightly softer dollar and favourable momentum, though likely resistance at a key psychological level will cap gains.