Rupee ends a tad higher as oil slide, foreign inflows lift sentiment

The Indian rupee closed about 0.3 percent higher at 94.3950 against the US dollar, supported by falling oil prices and signs of a pickup in foreign portfolio inflows. Brent crude fell nearly 2 percent to 72.3 dollars, easing concerns around India's current account deficit, while short bets on the rupee retreated from multi-month highs. Investors are now awaiting the US PCE inflation data, which is expected to show core inflation at 0.3 percent month-on-month and 3.4 percent annually for May.