Indian rupee has weakened on Thursday as US dollar strengthened againsts major currencies globally after the US Federal Reserve said it will maintain interest rates at near zero level for a considerable time after the asset purchase program ends. The Federal Reserve on Wednesday retained target range for interest rates near  0 to 1/4 percent.

Indian currency fell 27 paise or 0.44 percent against dollar to trade at 61.18. Rupee has witnessed a high of 61.07 and a low of 61.20. Its 52-week range was 58.34-63.91.

The Dollar index, a measure of the value of the US dollar relative to a basket of foreign currencies, went up 0.39 percent to trade at 84.68.

Sushil Finance expects USDINR to trade positive on the back of strengthening US economy and hint of earlier than expected interest rate hike by the Fed.