The Indian rupee experienced volatility, closing lower on Thursday despite aggressive intervention by the Reserve Bank of India (RBI). While the RBI's actions temporarily strengthened the rupee, concerns over proposed U.S. tariffs, foreign portfolio outflows, and demand for dollars kept it under pressure. Bankers expressed caution about the sustainability of the rupee's recovery, advising importers to hedge against potential future depreciation. The currency traded in a range, with the RBI intervening to prevent significant one-way movements.