MUMBAI: The Indian Rupee on Thursday closed at 8 81.22 provisionally, recording an appreciation by 8 paise against the greenback currency that weakened after Federal Reserve Chairman hinted at a decline in interest rate hikes.

At the interbank foreign exchange market, the local unit opened at 81.08 and touched an intra-day high of 80.98 and a low of 81.32 against the greenback. On Wednesday, the rupee closed at 81.30 against the US dollar, on month-end exporter dollar selling and MSCI rebalancing-related inflows.

The Dolar index slipped 0.41per cent to 105.81. The Global oil benchmark Brent crude futures declined 0.10 percent to USD 86.88 per barrel.

Meanwhile, the RBI today launched its pilot digital token called the digital Rupee. The digital Rupee (e₹-R) will be available for purchase and trade starting today via select banks in select cities. RBI has issued a license to four banks — State Bank of India, ICICI Bank, Yes Bank, and IDFC First Bank can currently issue digital Rupee in India in the first phase of the program. As of now, the availability of the digital Rupee has also been limited to Mumbai, New Delhi, Bengaluru, and Bhubaneswar.